On 2013–02–04 "H. Özoguz" wrote:

\setupcaption
  [figure]
  [location=top]

\starttext
> \startplacefigure [title=blub, reference=fig:demo, number=no]
> 
> \externalfigure[example][width=11.2cm]
> 
> \stopplacefigure
\stoptext

Marco