OVERVIEW
This indicator displays the Ratio between the Long and Short positions opened on CME Bitcoin Futures and Options. The data is provided from the CFTC Commitments of Traders Reports. These reports are given weekly. Therefore, this indicator works better on weekly timeframes.
The COT reports are separated into 5 categories:
IMPORTANT
The SPREADS are excluded. “Spreading” is a computed amount equal to offsetting long and short positions held by a trader. The computed amount of spreading is calculated as the amount of offsetting futures in different calendar months or offsetting futures and options in the same or different calendar months. Any residual long or short position is reported in the long or short column. Inter-market spreads are not considered.
INPUT INCLUDE Non-Reportable
This ratio excludes by default the Non-Reportable category. If this input is enabled, the ratio between Longs and Shorts should flatten.
INPUT DISPLAY
The Open Interest can be displayed in three ways:
This indicator displays the Ratio between the Long and Short positions opened on CME Bitcoin Futures and Options. The data is provided from the CFTC Commitments of Traders Reports. These reports are given weekly. Therefore, this indicator works better on weekly timeframes.
The COT reports are separated into 5 categories:
- Dealer/Intermediary - These participants are typically described as the “sell side” of the market. Though they may not predominately sell futures, they design and sell various financial assets to clients. They tend to have matched books or offset their risk across markets and clients. Futures contracts are part of the pricing and balancing of risk associated with the products they sell and their activities. These include large banks (U.S. and non-U.S.) and dealers in securities, swaps, and other derivatives.
- Asset Manager/Institutional - These are institutional investors, including pension funds, endowments, insurance companies, mutual funds, and portfolio/investment managers whose clients are predominantly institutional.
- Leveraged Funds - These are typically hedge funds and various types of money managers, including registered commodity trading advisors (CTAs); registered commodity pool operators (CPOs) or unregistered funds identified by CFTC. The strategies may involve taking outright positions or arbitrage within and across markets. The traders may be engaged in managing and conducting proprietary futures trading and trading on behalf of speculative clients.
- Other Reportables - Reportable traders not placed into one of the first three categories are placed into the “other reportables” category. The traders in this category mostly use markets to hedge business risk, whether that risk is related to foreign exchange, equities, or interest rates. This category includes corporate treasuries, central banks, smaller banks, mortgage originators, credit unions and any other reportable traders not assigned to the other three categories.
- Non Reportable
IMPORTANT
The SPREADS are excluded. “Spreading” is a computed amount equal to offsetting long and short positions held by a trader. The computed amount of spreading is calculated as the amount of offsetting futures in different calendar months or offsetting futures and options in the same or different calendar months. Any residual long or short position is reported in the long or short column. Inter-market spreads are not considered.
INPUT INCLUDE Non-Reportable
This ratio excludes by default the Non-Reportable category. If this input is enabled, the ratio between Longs and Shorts should flatten.
INPUT DISPLAY
The Open Interest can be displayed in three ways:
- Futures - The Futures Short and Long Positions Opened
- Options - The Options Short and Long Positions Opened
- Futures & Options - The Futures & Options Short and Long Positions Opened