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HTX News

08/10 05:35

CryptoQuant Founder: CME Hedge Funds Flip to Net Long Bitcoin Futures in Rare Move

On August 10, CryptoQuant founder and CEO Ki Young Ju posted on X that hedge fund positions on the CME have turned net long on Bitcoin futures, a rare occurrence. Basis trading mechanically keeps such institutions leaning short over the long term, which is why this position chart has remained red (short-dominated) for years. Engaging in carry arbitrage (cash-and-carry) inherently makes it impossible for institutions to build a net long position. Now, a host of professional institutions are betting on upward price movement for Bitcoin.

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