FIG 01 — CRYPTO · BTC
Bitcoin Positioning
Leveraged Funds net
-7,892
WoW change
-272
Open interest
21,083
3Y index
52w: 78
FIG 02 — NET POSITIONING · 3 YEARS · SHADED = 52W SPEC RANGE
FIG 03 — WEEK-OVER-WEEK CHANGE · LEVERAGED FUNDS · 26 WEEKS
FIG 04 — READ
What this week's report says
CautionPositioning is stretched: leveraged funds are more net long than in 86% of the past 3 years. Crowded longs raise reversal risk — a caution flag, not a sell signal on its own.
Leveraged funds added 616 long contracts and added 888 short contracts in Bitcoin this week — a net bearish shift of −272 contracts. They remain net short overall.
Leveraged funds and asset managers moved in opposite directions this week — speculative and institutional flows disagree on Bitcoin.
Open interest rose alongside the positioning change — fresh money is entering, which typically strengthens the move rather than short-covering.
Data as of Tue 2026-09-08 · source CFTC Traders in Financial Futures report · next update 2026-09-18