Hedge funds on CME have now added Bitcoin longs for 4 straight weeks, according to the CFTC report dated Oct 20. Their net position still leans short at -4,942 contracts, but that gap narrowed by 902 contracts over the week.

Institutions went the other way. Their net long fell by 643 contracts to 2,999. Total open CME Bitcoin futures stood at 21,040 contracts.

On the Ether side, hedge funds held a net position of -5,128 contracts.