2026-01-08 23:26:42

The bearish sentiment in the crude oil market has reached an extreme level.

The net long position in WTI crude oil has fallen to 10%, hitting a new low since 2009. How outrageous is this number? Imagine, the most crowded long positions have now been completely overtaken by shorts.

Even more exaggerated, this ratio dropped by 40 percentage points directly in 2025, marking a historic single-year collapse. It’s important to note that such a magnitude of change usually only occurs during sharp reversals in market sentiment.

Historically, whenever crude oil positions become extreme, it often signals a turning point. Extreme bearishness often seeds a rebound. When everyone is on the same side, the market always likes to play some unexpected tricks.

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NFTragedy

· 01-08 23:56

Whoa, a 10% long position ratio? How fierce must the rebound be for the shorts to pile up this much? The market must be going crazy. Wait, a 40-point drop in 2025? That does seem like a turning point... but I still need to wait and see. Extreme bearishness might actually be a bottom signal? Alright, let's gamble on a rebound and give it a try, since things are already this extreme. With everyone so short, it feels unreasonable not to rebound. Let's buy some and see. If this is truly a reversal, the shorts will have to eat their words, haha. 10%? That number sounds ridiculous, it's hard to hold back. Hitting a new historical low, there should be some reaction, right? Feels like it's time to start positioning on the left side. Hey, could it continue to crash? But logically, it should have reversed by now. When shorts are pushed to the limit, it actually becomes a signal. This market is really a contrarian indicator. No way, am I about to catch another falling knife? Forget it, let's wait and see.

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