- Asset managers trim short positions (-168) while adding 24 longs and short positions are way out in front.
- Leveraged funds trim more longs (-733) than shorts (616) but shorts are still in the lead.
Bitcoin has had a strange week as the price has just consolidated. It’s not hard to see why looking at the CoT report data from this week. There has not been too much activity and the changes are not too dramatic. Asset managers are looking more bullish than leveraged funds at the moment. The asset managers increased long positions while cutting shorts. The leveraged funds however cut more longs than they did shorts but this could be due to many factors including profit taking.
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