Definition: A weekly regulatory report published by the CFTC detailing commercial and non-commercial institutional positioning.
Comprehensive Institutional Breakdown
By reviewing commercial hedgers versus non-commercial speculators, traders can identify extreme positioning skews where the smart money is heavily net-long or net-short prior to macro turning points.
Cross-Market & Execution Note
CFTC also publishes COT reports for CME Bitcoin futures and S&P 500 equity futures contracts.