Non-commercial traders (speculators) hold a net long position of 10,106 contracts, compared to 9,337 contracts in the previous report. Commercial traders hold a net short position of 1,383 contracts, compared to 1,561 contracts in the previous report. The net change in commitments from the previous report shows an increase in net long positions held by non-commercial traders and a decrease in net short positions held by commercial traders. The percentage of open interest represented by non-commercial traders is 77.6% long and 71.7% short, while commercial traders represent 10.6% long and 12.0% short. The largest traders (4 or less and 8 or less) hold 58.0% and 33.7% of the net positions, respectively.
For Micro Bitcoin (Futures Only) on June 6, 2023:
The total open interest is 7,600 contracts.
Non-commercial traders (speculators) hold a net long position of 4,507 contracts, compared to 6,065 contracts in the previous report.
Commercial traders hold a net short position of 0 contracts, compared to 172 contracts in the previous report. The net change in commitments from the previous report shows a decrease in net long positions held by non-commercial traders and a decrease in net short positions held by commercial traders. The percentage of open interest represented by non-commercial traders is 59.3% long and 79.8% short, while commercial traders represent 2.3% long and 6.0% short. The largest traders (4 or less and 8 or less) hold 24.8% and 54.6% of the net positions, respectively.
These figures provide insights into the sentiment and positioning of different trader groups in the Bitcoin futures market. However, please note that COT reports are just one of many factors to consider when analyzing market trends and making trading decisions.
tnx to share . great idea and mached with current price action . great view .
Wakandian
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@hashemimohammad6666, Thx i appreciate you taking the time to read thru it Next realese will be saturday 17th June. Most Red events on the economics calendar has been over
hashemimohammad6666
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tnx
Wakandian
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Based on the provided Commitments of Traders (COT) report for Bitcoin futures on the Chicago Mercantile Exchange (CME) dated June 6, 2023, here is a summary of the open interest analysis:
Bitcoin Futures:
Total open interest: 13,026 contracts Non-Commercial Positions (Speculators): Long positions: 10,106 contracts Short positions: 9,337 contracts Commercial Positions: Long positions: 187 contracts Short positions: 1,383 contracts Spreading Positions: 1,561 contracts Nonreportable Positions: Long positions: 1,172 contracts Short positions: 745 contracts Micro Bitcoin Futures:
Total open interest: 7,600 contracts Non-Commercial Positions (Speculators): Long positions: 4,507 contracts Short positions: 6,065 contracts Commercial Positions: Long positions: 172 contracts Short positions: 0 contracts Spreading Positions: 454 contracts Nonreportable Positions: Long positions: 2,467 contracts Short positions: 1,081 contracts Key Points:
The non-commercial traders (speculators) hold a significant portion of the open interest in both Bitcoin and Micro Bitcoin futures. Non-commercial long positions outweigh short positions for Bitcoin futures, indicating a bullish sentiment among speculators. Commercial traders hold a relatively smaller portion of the open interest. Spreading positions exist in both contracts, suggesting traders are engaged in spread trading strategies. The nonreportable positions represent smaller market participants. Please note that this summary is based on the information provided and should be interpreted in the context of other market factors and analysis.