According to the COT reports (Commitments of Traders), the Commission on trade commodity futures (CFTC) for the week ended last Tuesday, Large speculators (NON-COMMERCIAL) net position of contracts on bitcoin to 0.24 thousand contracts thousand to 1.87

Large speculative players are increasing their net short position for the second consecutive week after reduced it for two weeks. The net short position was the highest since April 17.

Small speculators (NONREPORTABLE POSITIONS) increased its net position to buy contracts on bitcoin to 0.24 thousand contracts to 1.87 thousand Small speculators are increasing their net buy position, also the second week in a row.

Hedgers (COMMERCIAL), usually trading against the main trend, did not participate in the auction.

Open interest declined by 0.25 thousand contracts to 6.05 thousand

Bearish large speculators index (the ratio of the number of contracts for the sale of the contracts to purchase) rose for the week by 0.14 to 1.59.

COT data report on bitcoin reflect a significant increase in bearish sentiment among large speculators, who, last week, a 6-fold increase in the buildup of net position the decrease in bitcoin (c 0.04-0.24 thousand thousand). Large funds have reduced the position to buy BTC to 13% for the week. The continuation of this trend could contribute to reducing the cryptocurrency.

Small speculators last week began actively to increase purchases of bitcoin, which have grown by 10%. Small speculators continue to expect the growth of cryptocurrencies, but they usually do not have a significant impact on the market.

COT report data are fundamental and are mainly used for the medium and long term trading. Large speculators, NON-COMMERCIAL (banks, investment funds) are usually traded by trend.

Small speculators, NONREPORTABLE POSITIONS — usually do not exert much influence on the market. Hedgers, COMMERCIAL (operators, large companies) are usually traded against the trend. Net position is the difference between the number of contracts to buy and sell. Open interest is the sum of all open positions in the market.