Chart of the Week - Crypto

It has been two weeks since we posted the Ethereum charts and Large Speculators continue to hate Crypto futures. They do dislike Ethereum more than Bitcoin as shown by the two charts below, where Large Speculators doubled down on their net-short position in ETH. Shorting either contract at this time does not present a great reward/risk trade based on trader positioning.

If you are newer to this concept and want to learn more about what that means and the basics behind trader positioning we created a free educational playlist on YouTube covering these topics.