▲ Bullish
CryptoQuant's CEO has reported that hedge funds on the Chicago Mercantile Exchange (CME) have transitioned into a net long position on Bitcoin futures. This shift is notable as hedge funds typically maintain a structurally short position due to the basis trade.
The change in positioning suggests that these institutional investors are now betting on further upside for Bitcoin, which could have implications for market sentiment.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.