CME futures data shows hedge funds cutting BTC shorts as open interest resets, raising prospects of a move toward $85K.
Futures traders slashed bearish Bitcoin bets last month, a shift that preceded a 70% rally in 2025 and a 190% surge in 2023.
Bitcoin trades inside a narrowing range as a RSI divergence, rising open interest, and futures weakness point to a potential ...
The CME bitcoin annualised basis has fallen to -2.35% its deepest backwardation since the extreme dislocations of the FTX collapse in November 2022, when the basis briefly approached -50%, according ...
Bitcoin rebounds after a volatile week, but analysts warn the move lacks conviction as falling open interest and weak spot ...
Behind the move is a sharp narrowing in the profitability of the basis trade, in which traders attempt to capture a spread by buying spot bitcoin while selling BTC futures. CME OI started the year at ...