[CryptoQuant Founder: CME Hedge Funds Unusually Turn Net Long on BTC Futures, Institutional Investors Bullish on Bitcoin] BlockBeats News, August 10, CryptoQuant founder Ki Young Ju stated in a post that hedge funds on CME have turned net long on BTC futures, which is a rare occurrence. He pointed out that basis trading typically causes hedge funds to structurally hold short positions, which is why related data has remained negative for years, as basis trading cannot be conducted in a net long position. This shift of hedge funds to net long on BTC futures indicates that institutional investors are optimistic about a further rise in BTC prices.