{"id":121811,"date":"2018-02-17T15:55:15","date_gmt":"2018-02-17T20:55:15","guid":{"rendered":"http:\/\/countingpips.com\/?p=121811"},"modified":"2018-06-01T15:42:20","modified_gmt":"2018-06-01T15:42:20","slug":"bitcoin-speculators-reduced-their-bearish-net-positions-for-2nd-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/02\/bitcoin-speculators-reduced-their-bearish-net-positions-for-2nd-week\/","title":{"rendered":"Bitcoin Speculators reduced their bearish net positions for 2nd week"},"content":{"rendered":"
February 17, 2018<\/div>
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By CountingPips.com<\/strong> – Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n

Bitcoin Non-Commercial Speculator Positions:<\/b><\/p>\n

Large cryptocurrency speculators cut back on their bearish net positions in the Bitcoin futures markets for a second straight week this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.<\/p>\n

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,875 contracts in the data reported through Tuesday February 13th. This was a weekly rise of 165 contracts from the previous week which had a total of -2,040 net contracts.<\/p>\n

Small traders, meanwhile, decreased their existing bullish positions for a second week by an offsetting -165 contracts this week to an overall current level at 1,875 net contracts.<\/p>\n

\"\"<\/a>
\nBitcoin Futures COT Data: Specs vs Smalls<\/strong><\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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The Bitcoin futures data is now in its ninth week going back to the start of its futures reporting on December 19th. The data includes trader classifications of only speculators and small traders and without inclusion of commercial traders (typically business hedgers or producers of a commodity).<\/p>\n

Speculators have continued to be on the bearish side from the start while the small traders have been on the bullish side.<\/p>\n

Bitcoin per USD:<\/b><\/p>\n

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Cryptocurrency Futures closed at approximately $8539.71 which was a gain of $894.45 from the previous close of $7645.26, according to unofficial market data.<\/p>\n

*COT Report:<\/strong> The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders\/speculators). Find CFTC criteria here: (http:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/ExplanatoryNotes\/index.htm).<\/p><\/blockquote>\n

Article By CountingPips.com<\/strong> – Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By CountingPips.com – Receive our weekly COT Reports by Email Bitcoin Non-Commercial Speculator Positions: Large cryptocurrency speculators cut back on their bearish net positions in the Bitcoin futures markets for a second straight week this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-121811","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/121811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=121811"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/121811\/revisions"}],"predecessor-version":[{"id":127245,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/121811\/revisions\/127245"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=121811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=121811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=121811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}