Hedge funds unwind Bitcoin basis trades as CME short positions fall 89%
Hedge funds have reduced their net short positions in CME Bitcoin futures by 89% since December 2024, as declining arbitrage returns prompt institutional investors to unwind one of the cryptocurrency market's most popular trading strategies, according to a report published on TradingView. Leveraged funds held a net short position of 2,591 CME Bitcoin futures contracts, equivalent to approximately…
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