Hedge funds trading bitcoin BTC$65,151.12 futures on the Chicago Mercantile Exchange have turned net long, according to Ki Young Ju, CEO of blockchain data analytics firm CryptoQuant.
A rare CME shift: Hedge funds abandon structural shorts to bet on a bitcoin rally
Hedge funds have reportedly shifted their positioning in CME bitcoin futures, moving away from long-standing short bets. The change signals a more bullish outlook among these traders, who are now positioned for a potential bitcoin rally.
James Van Straten
Publisher CoinDesk
Aug 10, 2026 at 9:09 AM UTC · 1 phút đọc
Entities
bitcoin
Last Updated
2 tháng trước
Đang dịch…
The rare positioning shift suggests professional traders are increasingly betting on bitcoin prices rising.
“Hedge funds on CME have flipped net long on bitcoin futures, a rare shift after years of structural short positioning driven by the basis trade. You cannot run a traditional carry trade with an aggregate net-long futures position. The suits are now betting on bitcoin’s upside,” Ki Young Ju said.
Leveraged funds have historically remained net short CME Bitcoin futures because of the basis trade. In this market-neutral strategy, traders buy spot bitcoin or exchange-traded funds (ETFs) while simultaneously selling futures. Profit comes from the premium between futures and spot prices narrows, rather than from bitcoin moving higher. This activity has kept hedge funds’ reported futures positioning negative for years.
Giải Đáp Nhanh
What are hedge funds doing in CME bitcoin futures?
According to the headline, hedge funds are abandoning structural short positions and betting on a bitcoin rally through CME futures.
Why is the CME positioning shift notable?
The shift is described as rare because it marks a move away from hedge funds’ established structural short stance.
Does this mean bitcoin will definitely rally?
No. The reported positioning indicates that some hedge funds are betting on a rally, but it does not guarantee a future price outcome.
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Originally reported by CoinDesk
NewsLayer coverage based on externally reported material.
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