CME: Hedge Funds Flip Net Long on BTC Futures

Hedge funds on CME flipped net long BTC futures, a rare departure from the basis trade that has kept them structurally short for the past year.

BTC trades at $65106.59 inside the Bollinger band with upper resistance at $65398.95, while the bullish trend structure holds above EMA50 support at $64542.04 and EMA200 at $63765.36; MACD death cross at 188.25 clashes with neutral RSI at 58.4, pointing to limited upside before any retracement to the 50-EMA.