
Why are Hedge Funds Short ETH CME Futures. Is it Carry Trade or Outright Bearish Bets?
Hedge funds hold record short positions in ether (ETH) futures trading on the Chicago Mercantile Exchange (CME), raising questions about the motivations behind these positions. At first glance, the data could suggest that sophisticated market players anticipate price slides, as discussed on social media. However, this isn’t entirely accurate; carry trades or arbitrage plays primarily…