Bitcoin COT Data: Smart Money Goes Net Long With ‘Urgency’

Bitcoin futures positioning among non-commercial t

Bitcoin COT Data: Smart Money Goes Net Long With ‘Urgency’

Bitcoin COT Data: Smart Money Goes Net Long With ‘Urgency’

Bitcoin futures positioning among non-commercial traders is swinging sharply toward net long exposure, a move technical analyst Tom McClellan (editor of The McClellan Market Report) says has arrived “with some urgency” in the latest weekly Commitment of Traders (COT) report and one that has coincided with notable market outcomes in prior, similarly extreme episodes.

Bitcoin COT data | Source: X @McClellanOsc
Bitcoin must reclaim the 200-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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