U.S. hedge funds are starting to turn bullish on Bitcoin (CRYPTO: $BTC).
The so called "smart money" is starting to shift from shorting Bitcoin, or betting that the price will continue to fall, to wagering on a rally in the biggest cryptocurrency by market capitalization.
Data **** ytics firm CryptoQuant says that hedge funds trading Bitcoin futures on the Chicago Mercantile Exchange (NASDAQ: $CME) have turned net long the cryptocurrency.
More From Cryptoprowl:
MEXC Ventures Supports Alpha Arena's APAC Debut at Coinfest Bali

#Bitcoin #Cryptocurrency #cryptoquant