This week’s CoT report shows asset managers are bullish

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It’s a real mixed bag in this week’s CoT report.

Asset managers are net-long 367 vs 148 (shorts) and adding to this the shorts were trimmed by 148 and 235 long positions were added.

This is in stark contrast to leveraged funds who are net short 4,553 to 2,237. In terms of the change, short positions increased by 1,417 vs longs which increased by 801.

Bitcoin has had a great week rising 2.13% and this week could be the 3 weekly rise in a row. Since the start of the year, BTC/USD has risen 45% and is showing no signs of slowing down.

CFTC CoT Report Bitcoin

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