Bitcoin (CME) COT report: hedge fund and commercial positioning
Bitcoin futures on the CME, cash-settled, 5 bitcoin per contract.
Data updated November 3, 2026 (positions as of Tuesday)
This week · report of November 3, 2026
Leveraged funds (hedge funds and CTAs) is net short 2,591 contracts of Bitcoin (CME) futures.
14.8% of open interest · +1,388 on the week · +4,261 in four weeks
Extreme long: COT index 100 of 100 over 52 weeks, 100 over three years (ring).
- Asset managers
Net long 2,403
Pension funds, insurers and mutual funds. 52-week index 7.
- Dealers
Net long 479
Banks and market makers. 52-week index 0.
- Open interest
17,527 contracts
Leveraged funds (hedge funds and CTAs) held a net short position of 2,591 contracts in Bitcoin (CME) (14.8% of open interest), near the most long of the past year.
Asset managers (pension funds, insurers, mutual funds) held a net long position of 2,403 contracts in Bitcoin (CME) (13.7% of open interest), near the most short of the past year.
Dealers (banks and market makers) held a net long position of 479 contracts in Bitcoin (CME) (2.7% of open interest), near the most short of the past year.
All three groups this week
Leveraged funds
Hedge funds and CTAs
Net short 2,591
contracts, 14.8% of open interest · +1,388 on the week
Asset managers
Pension funds, insurers, mutual funds
Net long 2,403
contracts, 13.7% of open interest · −351 on the week
Dealers
Banks and market makers
Net long 479
contracts, 2.7% of open interest · −777 on the week
| Group | Net contracts | % of OI | 1 week | 4 weeks | Index 52W | Index 3Y |
|---|---|---|---|---|---|---|
| Leveraged funds | -2,591 | -14.8% | 1,388 | 4,261 | 100 | 100 |
| Asset managers | 2,403 | 13.7% | -351 | -1,129 | 7 | 2 |
| Dealers | 479 | 2.7% | -777 | -1,860 | 0 | 36 |
Open interest 17,527 contracts. Report of November 3, 2026 (Traders in Financial Futures, futures only).
Net positions, three years
Questions
Are hedge funds long or short Bitcoin (CME)?
Leveraged funds (hedge funds and CTAs) held a net short position of 2,591 contracts in Bitcoin (CME) (14.8% of open interest), near the most long of the past year. Report of November 3, 2026.
What is the COT report?
The Commitments of Traders is a weekly CFTC report of open positions in US futures markets, split by type of trader. It reflects positions as of Tuesday and is published on Friday afternoon. Commodity markets use the Disaggregated report (producers, swap dealers, managed money); financial futures use the Traders in Financial Futures report (dealers, asset managers, leveraged funds).
What is the COT index?
It places the latest net position between the lowest (0) and highest (100) of a look-back window, here 52 weeks and 3 years. Readings near 0 or 100 mean the group is at an extreme of its recent range; they describe positioning and do not predict prices on their own.
Related
Source: CFTC Commitments of Traders (Traders in Financial Futures, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.