Positioning · CFTC
Commitments of Traders: Bitcoin & Ether Futures
How the big players are positioned in regulated CME Bitcoin and Ether futures — long versus short — from the weekly CFTC report. Latest report: June 23, 2026.
Latest positioning
Bitcoin (BTC) · CME Futures
| Trader group | Long | Short | Net |
|---|---|---|---|
| Asset managers | 5,202 | 2,617 | +2,585 |
| Leveraged funds | 4,925 | 11,055 | -6,130 |
| Dealers | 6,075 | 2,044 | +4,031 |
Open interest: 20,554 contracts · report Jun 23, 2026
Ether (ETH) · CME Futures
| Trader group | Long | Short | Net |
|---|---|---|---|
| Asset managers | 1,038 | 4,054 | -3,016 |
| Leveraged funds | 5,617 | 10,594 | -4,977 |
| Dealers | 14,645 | 6,390 | +8,255 |
Open interest: 26,007 contracts · report Jun 23, 2026
Source: CFTC Traders in Financial Futures report (weekly). Positions are in number of contracts. Informational only, not financial advice.
How to read the positioning
Each week the U.S. Commodity Futures Trading Commission (CFTC) publishes the Commitments of Traders report, which breaks down who holds positions in regulated futures. For CME Bitcoin and Ether futures, three groups matter most:
- Asset managers — institutional investors such as funds, often taking directional long positions.
- Leveraged funds — hedge funds and similar traders, who are frequently net short as part of hedges and basis trades rather than outright bearish bets.
- Dealers — intermediaries who provide liquidity and hedge their books.
Read it through The Aperture: the near lens is this week’s long/short balance; the wide lens is that these are futures positions — hedges, basis trades and speculation mixed together — not a simple bullish-or-bearish vote. A large net-short among leveraged funds, for instance, often reflects a cash-and-carry hedge rather than a bet on lower prices. Pair it with the live markets and the Fear & Greed index for context. This is informational, not financial advice.