The most recent Commitment of Traders report shows asset managers with reportable positions now 99.19% long bitcoin. GWilliamsJr_CMT writes
Asset managers are adding to historically high long positions in bitcoin, the most recent Commitment of Traders report shows.
The COT report, released weekly by the Commodity Futures Trading Commission , provides a breakdown of holdings and open interest for traders of futures contracts, and is a measure of market sentiment. It shows the number of long, short and spread contracts in the Dealer/Intermediary, Asset Manager/Institutional, Leveraged Funds, Other Reportables and Non Reportable Positions categories.
The most recent bitcoin COT report shows that of the 7,734 open futures positions for asset managers, 7,671 are long positions with just 63 being short. Asset managers added 644 long positions as of Jan. 24 – the third consecutive week that they’ve built upon an already substantial long position. The 7,671 open long positions represent an all-time high in the aggregate. The 99.1% long concentration for asset managers is an all-time high as well.
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