CME Smart Money
Last updated
Last updated
In the market, certain whales have enough holdings to significantly influence prices. When these entities buy, they provide strong buying support. Beyond their market impact, information asymmetry has always been a cornerstone of profitability in trading. Observing whales that likely possess this informational edge can help forecast potential market trends.
In 2024, around the approval of the BTC ETF, the market narrative largely revolved around this event. During that period, the Chicago Mercantile Exchange (CME) became the most accessible platform for U.S. traditional financial traders to trade BTC.
CME Smart Money is an indicator derived by identifying specific groups of traders on CME whose position changes have historically shown alpha in market trends.
Unit: Contracts; one contract equals 5 BTC.
Reading: Above the zero line indicates net long positions; below the zero line indicates net short positions.
Update Cycle: Data updates every Saturday (UTC+8), reflecting the positions as of the preceding Tuesday.
From 2022 to 2023, whenever CME Smart Money shifted to a net short position, it often marked a local market top.
In October 2024, CME Smart Money increased positions from 1,800 to 12,000 contracts, marking the largest holdings and addition of contracts in recorded data. Following this, BTC entered a one-sided rally, surpassing the $100K milestone.
