CoinDesk

A rare CME shift: Hedge funds abandon structural shorts to bet on a bitcoin rally

A rare CME shift: Hedge funds abandon structural shorts to bet on a bitcoin rallyWorldPing

CME leveraged funds turn net long as weak futures yields undermine the once-popular basis trade.

This is a short WorldPing brief. The full report was published by CoinDesk.

Read the full report at CoinDesk

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Strategy Sells 1,690 Bitcoin as Saylor Reloads Its Cash War Chest

Strategy sold 1,690 bitcoin for $108.6 million last week, using the proceeds to repurchase its STRC preferred stock as Michael Saylor’s company reshuffled a balance sheet still dominated by bitcoin.

Brief by WorldPing · Original reporting by Bitcoin.com