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

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

He pointed out that arbitrage trading usually leads hedge funds to structurally hold short positions, which has been the reason why relevant data has remained negative for many years. Arbitrage trading cannot be conducted in a net long position. The hedge funds' transition to a net long position in BTC futures this time means that institutional investors are optimistic about a further increase in BTC price.