Bitcoin: Hedge Funds Flip Net Long on CME Futures

Bitcoin hedge funds flipped net long on CME Bitcoin futures despite the structural short bias from the basis trade, according to @CryptoMichNL citing Ki Young Ju. This rare shift mirrors the only prior instance when the pattern broke during the 2025 breakout from $75K to $125K.

Traders now signal intent to go long even as the net-negative basis trade strategy persists, creating a bullish setup for BTC price prediction models and hedge fund positioning in crypto markets.

Price sits at $65028.08 inside the Bollinger band with upper resistance at $65349.74. The bullish trend structure holds above EMA50 support at $64565.14 and EMA200 at $63774.51 while RSI at 55.37 stays neutral and MACD shows a death cross at 184.34, suggesting a test of the upper band before any pullback to the 50-EMA.