NEUTRAL
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Live CFTC

Hedera - Coinbase Derivatives, Llc

180LM1
RatesTFF

Signal state

Neutral-13

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+8 pts

Target Exposure

-13%

Market History

Net Positioning History

Historical net positioning (Longs minus Shorts) for the reference trader group.

Compare Markets
Hedera - Coinbase Derivatives, LlcLeveraged Funds — 6 Month Positioning Report
Report DateLong PositionsShort PositionsChange in LongsChange in ShortsNet PositionsNet Change% OI Long% OI ShortOpen Interest
Max631,640+35+300-1,058+3195.0%99.8%1,784
Min01,086+0-291-1,640-3000.0%89.6%1,139
13 Per. Avg191,387+8-44-1,368+521.6%95.0%1,466
Sep 23, 2025631,250+0-16-1,187+165.0%99.7%1,254
Sep 16, 2025631,266+35+180-1,203-1455.0%99.8%1,268
Sep 9, 2025281,086+28-291-1,058+3192.5%95.3%1,139
Aug 26, 202501,377+0-163-1,377+1630.0%94.8%1,452
Aug 19, 202501,540+0-100-1,540+1000.0%95.4%1,614
Aug 12, 202501,640+0+300-1,640-3000.0%95.5%1,717
Aug 5, 202501,340+0-259-1,340+2590.0%89.6%1,496
Jul 22, 202501,599+0+0-1,599+00.0%89.6%1,784

COT report

Longs vs shorts by trader category — week by week

Browse the official CFTC report week by week to see how each trader group's positioning has shifted. The WoW Δ column shows the net contract change from the prior week.

Sep 23, 2025(Latest)
Open interest: 1,254 contractsWeek 1 of 8
Trader typeLongShortNetLong % OIShort % OINet % OIWoW Δ Net

Leveraged Funds

Reference group used for the main bias model

631,250-1,187+5.0%+99.7%-94.7%+16

Other Reportables

6810681+54.3%+0.0%+54.3%-10

Nonreportable

5104506+40.7%+0.3%+40.4%-6

Interpretation layer

Why the terminal reads this market the way it does

The platform turns the underlying scores into a readable narrative: pressure, confirmation, macro support, and crowding.

Positioning pressure

The market is leaning bearish. This week looks steady versus the recent range.

Trend check

Price trend is flat, so momentum is not adding much confirmation yet.

Macro check

Macro conditions are mostly neutral right now.

Crowding

Traders are heavily crowded short.

Current positioning

The market is leaning bearish. Traders are heavily crowded short. Leveraged Funds is currently net short by 1,187 contracts.

Macro regime

Macro conditions are mostly neutral for Hedera - Coinbase Derivatives, Llc.

Replay summary

Mixed regime. The market is leaning bearish. Price trend is flat, so momentum is not adding much confirmation yet. Macro conditions are mostly neutral right now.

Risk layer

Veto reasons and caution flags

These are the conditions that reduce conviction even when the raw positioning signal looks strong.

Extreme crowding — squeeze risk elevated.
Price trend does not confirm positioning.
Macro environment is not supportive.