Hedge Funds' Skepticism Grows as Asset Managers Go Long on BTC

The asset managers’ long positions in Bitcoin futures have surged to a record high, reflecting a bullish stance on the cryptocurrency’s future. According to InspoCrypto, asset managers have amassed long positions amounting to $1.82 billion, signaling their strong belief in Bitcoin’s potential for success. However, this confidence starkly contrasts the cautionary tale of history, where substantial price drops followed previous peaks in long positions.