Gate Institutional Weekly: Market Defensive Sentiment Eases Significantly, ETH LST Continues Recovery Momentum (July 13–19, 2026)

Over the past week, softer U.S. CPI and PPI readings prompted markets to scale back expectations for further Federal Reserve rate hikes, providing a modest boost to risk appetite. However, renewed tensions in the Middle East drove international oil prices sharply higher, reigniting inflation concerns and keeping risk assets in a consolidation phase. The crypto market extended its rebound, with both BTC and ETH posting weekly gains, while ETH continued to outperform.

Weekly Highlights:

• Macro: Both U.S. CPI and PPI declined, easing inflationary pressure. However, geopolitical tensions pushed global oil prices significantly higher, leaving markets caught between cooling inflation and renewed energy-driven inflation risks.
• Liquidity: Spot BTC and ETH ETFs both recorded net inflows, with ETH ETFs showing a more pronounced improvement in fund flows. Gate TradFi trading volume edged higher, while U.S. equities regained the largest share of stock trading volume and South Korean equities lost some market share.
• On-chain: The Robinhood Chain narrative continued to gain traction, with Uniswap's user base expanding further. Competition among stablecoins increasingly shifted toward distribution networks and regulatory compliance, while Aave borrowing activity continued to concentrate on the Ethereum main market.
• Derivatives: BTC funding rates remained positive, open interest (OI) traded within a range, 25D Skew continued to normalize, and DVOL stayed at relatively low levels, indicating improving market sentiment while leverage remained relatively restrained.

Discover more details → Gate Institutional Weekly: Market Defensive Sentiment Eases Significantly, ETH LST Continues Recovery Momentum (July 13–19, 2026)

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
July 22, 2026

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