Recent data from the Commodity Futures Trading Commission (CFTC) reveals significant shifts in trading positions among leveraged funds and non-commercial traders. As of mid-November 2024, leveraged funds have increased their net short positions on US two-year Treasury futures to record highs. Concurrently, net short positions for leveraged funds on US 10-year Treasury futures have reached their lowest levels since late July. Additionally, a weekly report on Bitcoin futures indicates that net long and short commercial positions have outpaced those of small and large speculators since September.