Non-commercial traders in Bitcoin futures, often referred to as “smart money,” are currently moving net long with urgency, according to this week’s COT Report from the CFTC. This report outlines open interest and positions in futures markets, highlighting how these informed speculators are positioning themselves. Historical data suggests that previous instances of rapid net long builds by these traders have often preceded bullish market trends, indicating a potential shift in the Bitcoin market.
Smart money increases long positions in Bitcoin futures, COT report shows
