FUNDING
Hedge Funds Hold Record Bearish Bets on Bitcoin (BTC) Price, Data Show
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While bitcoin’s bullish momentum stalled after hitting record highs above $73,500 in March, CME futures continue to trade at an annualized three-month premium of over 10%, according to Velo Data. In other words, carry trades still yield at least twice as much as the 10-year Treasury note, which offered a so-called risk-free return of 4.36% at press time.