NANO BITCOIN PERP STYLE COT Report, Traders in Financial Futures

Leveraged Funds net -40,544 contracts in NANO BITCOIN PERP STYLE, positions as of Tue 20 Oct 2026.

Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)

Report family	Traders in Financial Futures
Basis	Futures only
Market	NANO BITCOIN PERP STYLE - COINBASE DERIVATIVES, LLC
CFTC contract code	133LM4
Contract unit	1/100 X Bitcoin
Open interest, contracts	169,854
Change in open interest, contracts	+5,900

Latest report, futures only

Category	Long	Short	Spreading	Net	Long % of OI	Short % of OI	Net % of OI
Dealer/Intermediary	1,800	0	0	+1,800	1.1	0.0	1.1
Asset Manager/Institutional	0	0	0	+0	0.0	0.0	0.0
Leveraged Funds	5,746	46,290	0	-40,544	3.4	27.3	-23.9
Other Reportables	145,886	83,877	0	+62,009	85.9	49.4	36.5
Total reportable	153,432	130,167	-	+23,265	90.3	76.6	13.7
Nonreportable	16,422	39,687	-	-23,265	9.7	23.4	-13.7

Leveraged Funds: position against its own history

Weekly net, last 66 reports

Leveraged Funds net, contracts	-40,544
Week change	+19,049
4-week change	-64,896
13-week change	-6,655
Net as % of open interest	-23.9%
Percentile, 1 year (52 weeks)	10
Percentile, 3 years (156 weeks)	-
Z-score, 52 weeks	-1.15
COT Index, 3 years	-
52-week high of net	+93,735
52-week low of net	-60,255

Traders and concentration

Category	Traders long	Traders short
Dealer/Intermediary	-	0
Asset Manager/Institutional	0	0
Leveraged Funds	10	11
Other Reportables	837	369
Total reportable	848	380

Largest 4 traders, gross long	9.4%
Largest 4 traders, gross short	27.2%
Largest 8 traders, gross long	14.8%
Largest 8 traders, gross short	36.0%
Largest 4 traders, net long	9.4%
Largest 4 traders, net short	27.2%
Largest 8 traders, net long	14.8%
Largest 8 traders, net short	36.0%

Concentration is the share of open interest held by the largest traders, as published in the report.

Latest report, futures and options combined

Category	Long	Short	Spreading	Net	Long % of OI	Short % of OI	Net % of OI
Dealer/Intermediary	1,800	0	0	+1,800	1.1	0.0	1.1
Asset Manager/Institutional	0	0	0	+0	0.0	0.0	0.0
Leveraged Funds	5,746	46,290	0	-40,544	3.4	27.3	-23.9
Other Reportables	145,886	83,877	0	+62,009	85.9	49.4	36.5
Total reportable	153,432	130,167	-	+23,265	90.3	76.6	13.7
Nonreportable	16,422	39,687	-	-23,265	9.7	23.4	-13.7

The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.

Recent reports, net by category

Report date	Open interest	Dealer/Intermediary	Asset Manager/Institutional	Leveraged Funds	Other Reportables	Total reportable	Nonreportable
Tue 20 Oct 2026	169,854	+1,800	+0	-40,544	+62,009	+23,265	-23,265
Tue 13 Oct 2026	163,954	+0	+0	-59,593	+60,265	+672	-672
Tue 6 Oct 2026	163,273	+1,734	+0	-39,884	+24,585	-13,565	+13,565
Tue 29 Sep 2026	158,766	+1,434	+0	-40,050	+33,710	-4,906	+4,906
Tue 22 Sep 2026	226,420	+734	+0	+24,352	-23,125	+1,961	-1,961
Tue 15 Sep 2026	170,359	+0	+0	+8,777	-13,643	-4,866	+4,866
Tue 8 Sep 2026	181,021	+0	+0	+7,756	-12,252	-4,496	+4,496
Tue 1 Sep 2026	173,212	+0	+0	+16,006	-19,548	-3,542	+3,542
Tue 25 Aug 2026	232,258	+0	+0	+15,162	-18,884	-3,722	+3,722
Tue 18 Aug 2026	220,248	+0	+0	+17,859	-24,448	-6,589	+6,589

Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.

Source: CFTC Commitments of Traders, Traders in Financial Futures report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.