Hedge funds trading bitcoin futures on the Chicago Mercantile Exchange (CME) have shifted from a long-standing net short position to a net long stance, according to CryptoQuant CEO Ki Young Ju. This rare change reflects a move away from the traditional basis trade strategy, where traders sold futures while buying spot bitcoin or ETFs to profit from price differences. The shift is driven by a decline in futures basis yields, now below U.S. Treasury yields, making the old trade less attractive. Bitcoin's price rebound from around $58,000 to over $65,000 supports this bullish positioning, indicating growing institutional confidence in bitcoin's upside potential.
Bitcoin trades near $65,000 as trader Peter Brandt signals a potential decline based on a head and shoulders chart pattern pointing to $58,000 if resistance at $67,260 is not reclaimed. The market shows weak trend strength with an ADX of 11.16, refle...
Bitcoin has gained nearly 11% in the third quarter of 2026, marking its strongest Q3 performance since 2021. This rebound follows a difficult first half of the year when Bitcoin dropped significantly, falling about 50% below its October 2025 peak of ...
XRP fell about 5% last week to around $1.03, underperforming as Bitcoin, Ethereum, and Solana gained 1-4%. The overall crypto market cap grew 1.4% to $2.19 trillion. XRP ETF inflows plunged 93% to $1 million, reflecting investor caution amid postpone...
Bitcoin remained steady near $65,200, rising 3.7% over the week despite the U.S. Senate postponing the CLARITY Act vote until September. The market's resilience suggests the delay was already anticipated, with gains driven by investment flows rather ...
Bitcoin momentarily surpassed the $65,000 mark on August 10, buoyed by disappointing US July nonfarm payrolls that reduced expectations for further Federal Reserve rate hikes. The cryptocurrency gained 3.4% over the week, supported by strong institut...
