Ki Young Ju says CME hedge funds turn net long BTC futures

CryptoQuant CEO Ki Young Ju said on X that hedge funds’ Bitcoin futures positions on the Chicago Mercantile Exchange have shifted to net long, a rare move that signals institutional investors are betting on a rise in BTC. Ki said the chart had remained in negative territory for years because basis trades structurally keep those funds in net short positions, adding that investors cannot take net long positions while running a carry trade.