🚨 WALL STREET HEDGE FUNDS CUT BITCOIN SHORTS BY 89%!
A major shift is happening in the Bitcoin derivatives market
According to CFTC positioning data, leveraged funds reduced their net short exposure in CME Bitcoin futures by 89% from the December 2024 peak of 115,985 BTC.
As of November 3, 2026, net shorts had fallen to approximately 12,955 BTC, the lowest level since February 2023.
Why does this matter?
Hedge funds have been unwinding the Bitcoin basis trade, a strategy that involves holding spot Bitcoin exposure while shorting futures to capture price differences.
This does not automatically mean hedge funds have turned bullish, but it signals a major change in institutional positioning.
Is Wall Street preparing for Bitcoin's next move, or simply walking away from the basis trade?
#hedgefundscmebitcoinnetshortsfall89%
A major shift is happening in the Bitcoin derivatives market
According to CFTC positioning data, leveraged funds reduced their net short exposure in CME Bitcoin futures by 89% from the December 2024 peak of 115,985 BTC.
As of November 3, 2026, net shorts had fallen to approximately 12,955 BTC, the lowest level since February 2023.
Why does this matter?
Hedge funds have been unwinding the Bitcoin basis trade, a strategy that involves holding spot Bitcoin exposure while shorting futures to capture price differences.
This does not automatically mean hedge funds have turned bullish, but it signals a major change in institutional positioning.
Is Wall Street preparing for Bitcoin's next move, or simply walking away from the basis trade?
#hedgefundscmebitcoinnetshortsfall89%
