Hedge funds just flipped their CME structural shorts on $BTC and started betting on a rally. Here is what it actually means....

For a long time these funds sat short and got paid for it, that was the whole trade. Now they are unwinding that and going the other way. Smart money does not flip positioning like this for fun, they flip it when the read on price actually changes underneath them.

I am not calling a bottom off one headline. But when the guys who were structurally against you start closing that bet, that tells you something about who expects the next move to hurt shorts more than longs.

Watching how price reacts from here before I touch anything.

$BTC