Ki Young Ju, founder of CryptoQuant, said hedge funds on the Chicago Mercantile Exchange have flipped to a net long position in bitcoin futures, calling the shift rare. In a post on Aug. 10, Ju explained that basis trading typically leaves hedge funds structurally short, which is why the related positioning data has stayed negative for years. A net long stance, he added, is not compatible with running a basis trade. With hedge funds now net long BTC futures, Ju said institutional investors are showing confidence that bitcoin's price will rise further. The statement was reported by BlockBeats. No specific positioning figures were disclosed. The flip matters because it departs from the long-standing pattern of hedge funds staying short in CME bitcoin futures. It is a rare signal because the metric has historically pointed toward hedge funds being short, and the latest reading indicates outright bullish positioning.
CryptoQuant founder Ki Young Ju said on Aug. 10 that hedge funds on CME have turned net long on bitcoin futures. He described the shift as rare. The comment, reported by BlockBeats, points to growing institutional optimism around BTC.
In a post, Ju explained the background behind the move. Basis trading, he said, normally leaves hedge funds structurally short. That is why the relevant positioning figures have stayed in negative territory for years. A net long position, he noted, is not something that can be maintained while running a basis trade.
Ju read the latest flip as a direct signal that institutional investors are looking for further gains in bitcoin. While he did not provide the exact numbers behind his assessment, the shift itself breaks with a pattern that had held for years.
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