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 Bitcoin Net Shorts Hit Record $7.5 Billion Driven by Popular Trade Strategy: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718186400441-YAKIHONNES3.jpg 
Bitcoin futures have witnessed a surge in net short interest, primarily attributed to the growing popularity of a market-neutral strategy known as the basis trade.

Basis trade, which aims to capitalize on discrepancies between spot and futures markets, likely accounts for a significant portion of the short interest in approximately 18,000 CME Bitcoin futures contracts. 
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 Bitcoin net shorts have reached a record high of $7.5 billion, largely driven by a popular market-neutral trade strategy known as the basis trade. The basis trade aims to profit from discrepancies between spot and futures markets. This strategy has resulted in significant short interest in almost 18,000 CME Bitcoin futures contracts 
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