CFTC_BITCOIN_NONCOM_NET
Bitcoin futures speculator positioning (CFTC COT, CME)
Official name: Bitcoin (CME) — Non-commercial Net (Long - Short)
Latest value
2508.0000
as of 2026-04-07
All-time percentile
100th
1-year change
+525.4%
Time series
Showing 261 of 261 data points
About this series
Net long-minus-short positioning of non-commercial traders in CME Bitcoin futures. CME listed Bitcoin futures in December 2017, so this series only exists from 2018 onwards.
Why it matters: CME Bitcoin is the most-scrutinized regulated venue for institutional Bitcoin exposure — it's the cleanest reading of *professional* Bitcoin positioning vs. the much larger retail spot market. Crosses between net long and net short have sometimes coincided with BTC turning points.
How to read it: History is short (2018+), so treat signals with appropriate humility. Look at the ratio of net position to open interest rather than the absolute contract count. Extreme positioning tends to precede reversals in either direction.
Caveats: CME Bitcoin is a tiny fraction of global Bitcoin trading. Most Bitcoin activity happens on unregulated exchanges outside CFTC reach. The signal may be less comprehensive than for traditional commodities.