CryptoQuant Founder: CME Hedge Funds Rarely Turn Net Long on Bitcoin Futures

Odaily News, CryptoQuant founder Ki Young Ju posted on the X platform, stating that hedge funds on CME have turned net long on Bitcoin futures. This situation is relatively rare. Basis trading keeps them structurally short, which is why this chart has been red for years. In a net long position, arbitrage trading is not possible. Institutional investors are betting on an upward movement.