COT report
COT (Commitments of Traders) is the CFTC’s weekly report on traders’ positions on US exchanges. Liqdar shows the net position of large speculators (hedge funds) on CME / COMEX / NYMEX, in contracts.
Columns
Section titled “Columns”| Column | Meaning |
|---|---|
| Net («Нетто») | speculators’ longs minus shorts, contracts |
| Week change («За неделю») | the change of the net position |
| % of OI | the net position’s share of open interest |
| Index 3y / 1y | where the net position is now within its 3-year and 1-year range, % |
| Other side («Другая сторона») | the opposite group’s position |
How to read it
Section titled “How to read it”- Index ≤ 10 %: a crowded short; ≥ 90 %: a crowded long. Both are contrarian signals over weeks and months.
- In crypto funds are structurally short: they run the basis trade (long spot or ETF + short future). A big net short there is not a bet on a fall, and a “long extreme” of the index only means the short is at its smallest. The direction matters more than the sign.
A table row opens the asset’s chart with the COT card. On the chart the same card is behind the COT button.