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CryptoQuant Founder: CME Hedge Funds Rarely Flip to Bitcoin Futures Net Long, Institutional Investors Bullish on Bitcoin

BlockBeats News, August 10th, CryptoQuant founder Ki Young Ju posted that hedge funds on CME have switched to a net long position in BTC futures, a rather rare occurrence.


He pointed out that arbitrage trading usually causes hedge funds to structurally hold short positions, which is also the reason why relevant data has remained negative for many years. Arbitrage trading cannot occur in a net long position. The hedge funds' switch to a net long position in BTC futures this time signifies that institutional investors are bullish on the further price increase of BTC.

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Money managers and institutions are increasing their long bitcoin positions
CME has the second-largest holdings of bitcoin futures contracts in the world
The CME bitcoin options, due to be launched on January 13, are still awaiting regulatory approval.
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