🐂 CryptoQuant CEO: Institutions are betting on Bitcoin's growth. Hedge funds on the CME have taken a net long position in BTC futures, which is extremely rare. Hedge funds are typically structurally short due to basis trades, which is why this metric has remained negative for years.
With a typical carry trade, it's impossible to take a net long position, so the hedge funds' current position indicates a bet on further BTC growth.
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