$VERSE
Heating UpSnapshot Window: 2026-08-19 23:20 UTC ยท โ Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 1, Retweets: 2, Likes: 9, Impressions: 97
Verbatim Community Citations & Social Evidence 1 source posts analyzed
I don't think I will accept your premise of commercials as smart money, given that last week they held 38 long contracts and 3593 shorts. Early on in the history of COT data for Bitcoin futures, the commercials were a non-factor. Now they are reliably and spectacularly wrong.
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AI visual note: **Caption:** This chart displays Near Month Bitcoin Futures prices (black line) from 2018-2026 alongside the Commitment of Traders Commercials Net Position (blue line), which has plunged to roughly -18% net short. **Connection to the post:** The deeply negative commercial net position visible on the right side of the chart supports the claim that commercials are holding an extremely lopsided short-heavy position (e.g., 38 longs vs. 3,593 shorts), illustrating their "spectacularly wrong" stance by betting heavily against Bitcoin while prices have risen dramatically since 2023.