CME Bitcoin and Ether futures positioning by CFTC trader category — Leveraged Funds (the dominant fast-money seat) and Asset Managers (real money) — each as a 3-year rolling z-score of the net position.
How to read Where speculative crypto-futures positioning sits versus its own 3-year history, split by the fast-money (Leveraged Funds) and real-money (Asset Managers) seats.
Descriptive present crowding — an extreme is reported, NEVER read as a contrarian squeeze signal. This is the regulated CME-futures seat only; cross-exchange perpetual funding / open interest aggregation is paid and deferred.