{"id":142845,"date":"2019-03-02T13:40:34","date_gmt":"2019-03-02T18:40:34","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142845"},"modified":"2019-03-02T15:19:30","modified_gmt":"2019-03-02T20:19:30","slug":"bitcoin-speculators-raised-their-bearish-bets-for-3rd-week-commercials-go-bullish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/bitcoin-speculators-raised-their-bearish-bets-for-3rd-week-commercials-go-bullish\/","title":{"rendered":"Bitcoin Speculators raised their bearish bets for 3rd week. Commercials go bullish"},"content":{"rendered":"
March 2, 2019<\/div>
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March 2nd – By CountingPips.com<\/strong> – Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n

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

Large cryptocurrency speculators increased their bearish net positions in the Bitcoin futures markets in mid-February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.<\/p>\n

This latest COT data is from the middle of February due to the government shutdown which suspended the releases for approximately a month. The CFTC is releasing data on Tuesdays and Fridays going forward until the data is back up to date.<\/p>\n

The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1,439 contracts in the data reported through Tuesday February 19th. This was a weekly reduction of -210 net contracts from the previous week which had a total of -1,229 net contracts.<\/p>\n

The week’s net position was the result of the gross bullish position (longs) lowering by -14 contracts to a weekly total of 1,508 contracts compared to the gross bearish position (shorts) which saw a gain by 196 contracts for the week to a total of 2,947 contracts.<\/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 speculative Bitcoin positioning saw rising bearish bets for three straight weeks through February 19th and leveled at its most bearish standing since August 28th.<\/p>\n

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Bitcoin Commercial Positions:<\/b><\/p>\n

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\nThe commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 106 contracts on the week. This was a weekly increase of 38 contracts from the total net of 68 contracts reported the previous week.<\/p>\n

The commercials position rose higher into a bullish standing after spending their previous positionings in bearish territory. The commercial positions started getting included in the data in November after approximately a year of just speculative and small trader contracts being available.<\/p>\n

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Smal<\/strong>l Trader Positions:<\/b><\/p>\n

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The small traders position, a mix of hedgers and speculators that don\u2019t meet the requirement for large traders, rose for a third week to a total of 1,333 net contracts. This was a weekly gain of 172 contracts from the previous week.<\/p>\n

The small trader position was at the most bullish level since January 15th and have maintained a bullish position in Bitcoin futures since the beginning in December 2017.<\/p>\n

Bitcoin Futures:<\/b><\/p>\n

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Bitcoin Futures (Front Month) closed at approximately $3935 which was a rise of $330 from the previous close of $3605, 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.<\/p>\n

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).<\/p>\n

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":"

March 2nd – By CountingPips.com – Receive our weekly COT Reports by Email Bitcoin Non-Commercial Speculator Positions: Large cryptocurrency speculators increased their bearish net positions in the Bitcoin futures markets in mid-February, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. This latest COT data […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-142845","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142845","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=142845"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142845\/revisions"}],"predecessor-version":[{"id":142895,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142845\/revisions\/142895"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}