This week: bullish tilt driven by new longs, with broader participation and fragility decreased, while banks increased hedges.
Generated Dec 27, 2025 04:33 AM PST
Snapshot vs. Last Week
More traders joined the market this week.
Funds added to bullish bets (via long-adds).
Banks increased hedges (more net short).
Shorts are less clustered among a few big players.
What changed this week
↑ Open Interest exploded by +77,147 (broader participation).
↑ Managed Money: net increased by +9,493; Long +10,126, Short +633 (via long-adds).
↓ Swap Dealers: net decreased by -16,400 (hedge intensity up); Long -2,935, Short +13,465.
↑ Other Reportables: net slightly higher by +228 (with mixed flows); Long +2,274, Short +2,046.
↓ Share of market: MM long share -0.8pp; ↓ Swaps short share -1.8pp — specs gained ground.
↓ Concentration (largest 8 shorts): strongly decreased by -1.2pp — slightly less squeeze-fragile.
↑ # of participants: slightly higher by +18 — breadth broadened.