Key Takeaways
- • The Block published a chart tracking net positioning in CME Micro Bitcoin futures by CFTC trader category, drawn from the Commitment of Traders (COT) report.
- • Net positioning is calculated as the total value of open long positions minus the total value of open short positions, measured as of Tuesday's trading close.
- • The data reflects only CME bitcoin futures activity and does not capture funds' total net exposure through other products outside CFTC-regulated futures.
- • The CFTC publishes the COT report every Friday, reporting final figures from the prior Tuesday's close.
Summary
The Block has published a data visualization tracking the net positioning of CME Micro Bitcoin futures open interest across CFTC-categorized trader classifications. The chart is derived from the Commitment of Traders (COT) report, which the Commodity Futures Trading Commission publishes each Friday. The report breaks down each Tuesday's open interest in futures markets that have 20 or more traders holding positions at or above reporting levels, reflecting final numbers from the prior Tuesday's trading close.
According to the publication's methodology, net positioning equals the total value of open long positions minus the total value of open short positions for each trader category. This allows readers to see the directional bias of different participant groups in the CME micro bitcoin contract as of each Tuesday's close.
The Block cautions that the metric captures only positioning in CME bitcoin futures. It does not account for the total net exposure that funds hold through other instruments outside CFTC-regulated futures products, so the figures should be read as one component of broader market positioning rather than a complete measure of fund exposure.
The publication also links to a companion chart tracking long open interest in CME Ether futures by trader category, offering a parallel view of positioning in the second-largest digital asset futures market on the exchange.
According to the publication's methodology, net positioning equals the total value of open long positions minus the total value of open short positions for each trader category. This allows readers to see the directional bias of different participant groups in the CME micro bitcoin contract as of each Tuesday's close.
The Block cautions that the metric captures only positioning in CME bitcoin futures. It does not account for the total net exposure that funds hold through other instruments outside CFTC-regulated futures products, so the figures should be read as one component of broader market positioning rather than a complete measure of fund exposure.
The publication also links to a companion chart tracking long open interest in CME Ether futures by trader category, offering a parallel view of positioning in the second-largest digital asset futures market on the exchange.
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