Hedge funds on CME have added $BTC longs for six straight weeks, going by CFTC positioning for the week to Nov 3.
They are still net short, meaning more contracts bet on a fall than a rise, at -2,591 contracts. That week alone moved them 1,388 contracts toward the long side. Asset managers held the opposite stance, net long 2,403 contracts after trimming 351. Open contracts totalled 17,527.
On $ETH, hedge funds were net short 3,699 contracts in the same report.
They are still net short, meaning more contracts bet on a fall than a rise, at -2,591 contracts. That week alone moved them 1,388 contracts toward the long side. Asset managers held the opposite stance, net long 2,403 contracts after trimming 351. Open contracts totalled 17,527.
On $ETH, hedge funds were net short 3,699 contracts in the same report.
