FX.co ★ Nasdaq 100 Speculative Long Bets Halved, CFTC Data Signals Cooling Optimism

Speculative positioning in the Nasdaq 100 has eased notably, according to the latest Commitments of Traders data released by the U.S. Commodity Futures Trading Commission (CFTC). As of 06 February 2026, net speculative positions in Nasdaq 100 futures stood at 14.2K, down sharply from 28.2K previously.

The halving of net long exposure suggests that traders have scaled back their bullish bets on the U.S. tech-heavy index. While positioning remains in positive territory, indicating that long contracts still outweigh shorts, the pullback may reflect rising caution among speculators amid shifting market conditions or reassessments of growth and valuation prospects in the Nasdaq 100.

Market participants will be watching upcoming data releases and earnings closely to see whether this moderation in speculative appetite marks the start of a broader repositioning away from high-growth U.S. equities or a temporary pause after an extended period of optimism.