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.
