Hedge funds have unwound the Bitcoin basis trade, with leveraged funds’ net short on CME Bitcoin futures falling to 12,955 BTC, down 89%…

First reported Nov 12, 2026, 13:36 UTC

Source reports

Hedge funds have unwound the Bitcoin basis trade, with leveraged funds’ net short on CME Bitcoin futures falling to 12,955 BTC, down 89% from the December 2024 peak and the lowest since February 2023. The hedged cash-and-carry bid that inflated ETF inflows is mostly gone, so… — Rickler Feed, Nov 12, 2026, 13:36 UTC

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