Bitcoin

Over the past week, the market was jointly driven by easing geopolitical tensions, cooling inflation, and stable policy expectations. Oil prices declined sharply, the S&P 500 Volatility Index moved lower, and risk appetite rebounded, with BTC shifting its range upward to $68,000–$73,000. On the capital side, the market saw a strong recovery following prior volatility, with Bitcoin ETF net inflows reaching approximately $833 million for the week—marking a new cyclical high—while Ethereum ETFs also recorded net inflows, indicating a return of institutional dominance. Trading structure shifted toward macro-driven, high-volatility assets and leading platforms, with capital concentrating in energy products such as crude oil, while on the DEX side, liquidity gravitated back to major venues like Uniswap. Stablecoins and DeFi showed structural recovery, with USDC emerging as the primary source of incremental liquidity, and funds flowing back into leading staking protocols and core lending mark

Over the past week, markets were primarily driven by the escalation of the US Iran conflict. WTI crude rose nearly 17% and returned above the $100 level, pushing US Treasury yields higher, with the 10 year reaching 4.44%, while the US dollar strengthened. The crypto market declined by more than 6% overall, and the S&P 500 Volatility Index climbed to 31. On the capital side, BTC and ETH ETFs recorded about $500 million in net outflows mid week, followed by a modest rebound.

The market repriced expectations for further Fed rate hikes, keeping pressure on crypto assets. BTC declined approximately 4.3% over the week, while ETH fell around 4.8%. Global crypto ETPs recorded net outflows for a second consecutive week, totaling $2.54 billion. Gate officially launched stock trading, providing access to more than 10,000 U.S. stocks and ETFs. PancakeSwap surpassed Uniswap in trading volume, while activity in the LST sector cooled, with the Solana ecosystem remaining relatively resilient. Risk appetite across DeFi remained cautious, as Aave's lending volume continued to decline, although borrowing rates for its three core assets largely stabilized. In the derivatives market, BTC exhibited a combination of falling prices, persistently positive funding rates, and continued volatility compression.

Over the past week, markets continued to swing around developments in U.S.-Iran negotiations and expectations for Fed policy. Easing geopolitical tensions briefly pushed oil prices lower, while the U.S. 10 year Treasury yield climbed toward 4.56%. U.S. equities extended their divergent rally, whereas the crypto market remained broadly weak. BTC ETFs recorded roughly $1.256 billion in net outflows for the week, while ETH ETFs saw approximately $216 million in net outflows, reflecting continued cautious institutional positioning. Onchain liquidity continued to concentrate in leading DEXs such as Uniswap, PancakeSwap, and Aerodrome, while the stablecoin market increasingly shifted toward a repricing framework centered on settlement efficiency and regulatory compatibility. The Aave lending market gradually moved back toward normalization, while emerging chains such as MegaETH and Plasma continued absorbing incremental liquidity flows. In derivatives, the market maintained a low leverage, w

STRC is a key financing instrument in Strategy’s transition into a multi-layered capital structure under its BTC treasury strategy. Anchored by a $100 par value, featuring a floating periodic dividend rate, preferred-share liquidation priority, and near-monthly cash distributions, STRC is designed to attract yield-oriented capital into Strategy’s BTC reserve system. On the on-chain side, Ondo Finance’s STRCon and xStocks’s STRCx map STRC-like assets into DeFi. Protocols such as Apyx, Saturn, Pendle, and Morpho further transform STRC cash flows into stablecoins, yield-bearing assets, PT/YT structures, and collateral primitives, extending STRC from a TradFi yield product into a foundational on-chain yield asset. STRC’s appeal lies in its yield premium over traditional credit instruments, its near-par price anchor, and its composability within DeFi ecosystems. At the same time, it remains exposed to Strategy credit risk, BTC volatility, mechanism-design risks, and leverage contagion acros

This article is based on the TradingAgents multi-agent LLM financial trading framework and explores its migration and application in the BTC crypto asset market. The study first reviews the core architecture of TradingAgents, including the division of roles among the analyst team, researcher debate, trader decision-making, risk management team, and fund manager approval, and then adapts the framework to the characteristics of the BTC market. The article then uses BTC/USDT as the research object and constructs a backtesting experiment based on 1-hour data from February 1, 2026 to May 1, 2026, comparing the results with a Buy and Hold baseline strategy. The backtest results show that TradingAgents-BTC achieved a total return of +20.25% during the test period, significantly outperforming the -7.89% return of Buy and Hold over the same period. Overall, the experiment suggests that a multi-agent LLM framework has certain active market-timing and risk-control capabilities in BTC trading scen

Last week, BTC ETFs recorded net outflows of approximately $996 million, while ETH ETFs saw net outflows of around $255 million. On-chain TradFi activity and CEX derivatives trading continued to be dominated by safe-haven assets such as gold. On-chain liquidity remained concentrated in leading DEXs including PancakeSwap and Raydium. Lending activity and LST sectors on the Aave mainnet declined, with leverage demand across both Ethereum and Solana ecosystems cooling simultaneously. Meanwhile, emerging chains such as MegaETH and Plasma continued to absorb structural capital rotation. BTC open interest (OI) continued to trend lower, while the share of put option trading volume and negative 25D Skew both expanded further, accompanied by a gradual rise in the DVOL baseline. Gate’s institutional spot market share increased against the broader trend, rising 10% week-over-week, while cross-margin lending volume also grew 10% WoW.

Last week, BTC broke above $82,000, driven by continued ETF inflows, with BTC ETFs recording net inflows of $632 million for the week. CEX-listed TradFi equity-related assets continued to expand steadily. On-chain capital rotated back into leading DEXs and mature liquidity venues, with Uniswap and PancakeSwap serving as the primary liquidity hubs. Meanwhile, Aave continued to absorb the impact of the rsETH incident, leaving the lending market relatively weak. Emerging ecosystems such as MegaETH and Plasma began attracting incremental capital inflows, while Solana LSTs were among the first to benefit from improving market risk appetite. The derivatives market maintained a “negative funding rate + high-level consolidation” structure, with BTC’s short squeeze rally being partially released in stages. In May, Gate Institutional spot trading volume increased by 14.54% month-over-month, while futures trading volume rose 18.10% MoM. CrossEx also recorded record highs in both trading volume an

Gate Research: Shorting put options stands out as one of the most prominent directional option strategies during a bear market. Investors can secure leveraged downside return by paying a fixed premium, with their maximum loss limited to the amount of premium paid. This strategy is especially effective for expressing a bearish outlook or hedging portfolio risk. Using BTC as a case study, this article offers an in-depth analysis of the return structure, common use cases, key risk factors, and essential practical considerations for shorting put options, enabling you to comprehensively understand how this trading tool delivers both defensive and offensive advantages in highly volatile markets.

Last week, the crypto market overall maintained a “cautiously optimistic” tone, with BTC rising from around $68K to above $77K. TradFi trading activity cooled somewhat, though gold remained the core trading asset. On-chain capital continued concentrating in highly liquid and high-turnover venues, with PancakeSwap recording nearly $36 billion in weekly trading volume. Stablecoin capital clearly rotated back into settlement-focused dollar assets, while USDT supply climbed to nearly $200 billion. Following the rsETH incident, Aave’s total lending balance plunged 26.7% within a single week. Meanwhile, the derivatives market showed a typical divergence structure of “deeply negative funding rates alongside high-level price consolidation,” with BTC perpetual short positioning remaining crowded as implied volatility and options trading volume both increased.

Over the past week, markets saw heightened volatility driven by recurring geopolitical tensions and stronger than expected economic data. Shifting signals from the United States and Iran pushed oil prices higher, with WTI rising more than 7% on the week. Solid retail sales, ISM readings, and nonfarm payrolls supported a rebound in equities, while precious metals reached new highs. Crypto assets moved in line with improving risk appetite, with Bitcoin approaching the $70k resistance level. On the flow side, BTC ETFs recorded modest weekly net inflows of about $22.3 million, an improvement from the prior week but still limited, while ETH ETFs continued to see net outflows. Quarter end rebalancing and holiday effects led to quick reversals after initial inflows. On chain and trading activity concentrated in oil and precious metals, DEX structure reshuffled, and Meteora volumes increased significantly. Stablecoin supply remained elevated, with USDC edging lower while DAI and USDS absorbed

Over the past week, global markets have been primarily driven by energy shocks and geopolitical risks. WTI crude rose more than 4%, with higher oil prices reinforcing inflation expectations and further constraining the scope for rate cuts. The Dollar Index moved back above 100, while Treasury yields climbed in tandem. Risk assets broadly came under pressure, yet the crypto market showed notable resilience. Consecutive net inflows into BTC ETFs indicate continued institutional accumulation during the pullback. On-chain, stablecoin supply continued to expand, with liquidity increasingly concentrated in leading protocols. Lending and LST sectors also rebounded, reflecting a marginal recovery in risk appetite. In derivatives markets, funding rates remained largely negative while implied volatility declined, suggesting market sentiment is gradually recovering from extreme caution. Looking ahead, markets will focus on the upcoming Fed rate decision and policy signals from major central banks