Analysis of the CME weekly BTC futures report

In our brief review, we will analyze the next COT (Commitments of Traders) report on Bitcoin futures contracts of the Chicago Mercantile Exchange (CME) for the period from 05/09/2018 to 05/15/2018

As always, we provide two options for presenting the report. On the website of the Commodity Futures Trading Commission (CFTC), the weekly CME report was published on May 18, 2018 in this form.

From the website of the CME exchange (Chicago Mercantile Exchange) we took two reports at once - for the current and for the previous week to more clearly identify changing trends.

The current report shows that the number of large traders has increased by one participant and amounts to 28 players. 12 have long positions, and 16 have short positions. There are a majority of traders who believe that the Bitcoin price will fall by the contract execution date.

The total number of contracts compared to last week increased by 20 and is 2,505.

The number of contracts open for sale exceeds the number of purchased ones by 15.1%. Despite a whole series of fundamental events that, it would seem, should have supported the market, we see that last week the prevailing views were to reduce the price of Bitcoin. The same mood was there the week before last.