According to Unfolded, as of November 3, leveraged funds' net short positions in Bitcoin futures on the CME Group fell to 12,955 BTC, the lowest since February 2023, down 89% from the peak in December 2024. The report points out that spot arbitrage trades that previously drove inflows into spot ETFs have been largely liquidated, and future ETF fund flows are more likely to reflect genuine directional demand, while structural buying to buffer market declines has decreased. https://www.(wublock123.com)/news/cme-bitcoin-futures-net-shorts-fall-89pct-71847