CFTC Commitments of Traders report shows equity bulls gaining ground for week ended May 5th
Crypto Briefing
The latest CFTC report reveals growing bullish sentiment in S&P 500 futures and reduced short positions in Treasury futures for the week ending May 5th.Summary
The CFTC’s latest Commitments of Traders (COT) report for the week ending May 5th indicates a shift in traditional finance, with equity fund managers increasing their net long positions in S&P 500 futures. Simultaneously, speculators have begun covering their short positions in Treasury futures, suggesting a belief that yields may have peaked. While the report contains no direct mention of digital assets, analysts suggest that these macro trends in traditional markets could serve as a bellwether for potential tailwinds in the crypto sector if the bullish sentiment persists.
(Source：Crypto Briefing)