1. Institutional vs Retail Sentiment
Historical CFTC data demonstrates that retail traders (Non-Reportables) frequently accumulate maximum long exposure near major market tops and maximum short exposure near market bottoms. Conversely, Managed Money institutions trade with systematic risk controls.
2. The Retail Crowding Ratio
AurumGamma calculates the Retail Crowding Ratio to measure retail bias. When retail long percentage exceeds 75%, retail crowding is flagged as extreme, providing a contrarian warning for institutional swing traders.
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Compare Smart Money vs Retail Positions →