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Hedge funds unwind Bitcoin basis trades as CME short positions fall 89%

Reported · Written up by our desk · Equity Funds

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 12,955 BTC, as of 3 November 2026. This represents the smallest net short exposure since February 2023, reflecting a significant reduction in the basis trade, which involves buying spot Bitcoin or exc

Latest closeBitcoin $69,000.62 ▼3.3%

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HedgeweekHedge funds unwind Bitcoin basis trades as CME short positions fall 89%

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