{
  "id": 19796557,
  "title": "Hedge funds unwind Bitcoin basis trades as CME short positions fall 89%",
  "url": "https://urgent.news/2026/11/13/hedge-funds-unwind-bitcoin-basis-trades-as-cme-short-positions-fall-89",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T10:21:00.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://hedgeweek.com/news/hedge-funds-unwind-bitcoin-basis-trades-as-cme-short-positions-fall-89"
  },
  "original_language": "en",
  "account": null,
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}