Bitcoin

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

Global markets faced pronounced impacts from energy price shocks and heightened geopolitical risks over the past week. Escalating tensions in the Middle East sent oil prices surging, with WTI climbing more than 25% in just one week. This drove a risk-off environment, resulting in simultaneous declines across BTC, ETH, and US equities. From a macro perspective, while higher oil prices are unlikely to trigger an immediate recession, they may fuel inflation and slow the pace of rate cuts in the coming months. On-chain metrics show DEX trading volumes remained robust, with liquidity further consolidating around leading protocols. The total stablecoin market cap climbed to approximately $330 billion, with USDC accounting for the majority of new inflows. In derivatives, funding rates stayed negative and option volatility increased, reflecting continued caution toward tail risks. Overall, markets are now undergoing a phase of macro risk repricing and liquidity reallocation. In the week ahea

Gate Research: Over the past week, macro uncertainty has continued to dominate market pricing. Escalating tensions in the Middle East, tariff expectations, and the ongoing AI narrative have reinforced risk-off sentiment, with capital rotating into defensive assets such as oil, gold, and the Japanese yen, putting pressure on risk assets. BTC declined sharply over the weekend amid thin liquidity conditions, while ETH underperformed BTC overall, leaving the market in a fragile post-deleveraging equilibrium. On-chain data shows event-driven spikes in DEX trading volume, while stablecoin supply has remained elevated but flat, suggesting capital is largely in a wait-and-see mode. In derivatives markets, open interest continues to decline and funding rates remain negative but stable, indicating that overall leverage in the system has been significantly reduced. Meanwhile, mid-tier protocols such as Hyperliquid and Jupiter recorded revenue growth, pointing to a modest rebound in on-chain tradi

Following the joint U.S.–Israel airstrikes on Iran, gold and crude oil gapped higher at Monday’s open, while global equities opened lower and Bitcoin volatility intensified. Prediction markets suggest that the probability of a full-scale war remains relatively low, though the risk of disruptions to the Strait of Hormuz is not negligible. If tensions ease on a temporary basis, commodity prices could see a meaningful pullback. Conversely, further escalation would raise the risk of another sharp surge in gold and oil prices. Bitcoin may face near-term pressure, with its medium-term trajectory likely dependent on global liquidity conditions. Gate has now launched trading segments covering metals, equities, indices, foreign exchange, and commodities. Through Gate TradFi, investors can access 24/7 trading to respond swiftly to market developments and capture emerging opportunities.

This report provides an in-depth analysis of momentum investing within the Bitcoin (BTC) market, examining how classical technical indicators perform under varying trend and volatility conditions. Beginning with the theoretical foundations of momentum and its behavioral finance interpretations, the report systematically reviews the structural logic, signal mechanisms, and analytical functions of MACD, Bollinger Bands, ADX/DMI, and RSI. Using actual BTC price movements, it illustrates how these indicators reflect trend formation, momentum decay, volatility expansion, and potential reversal signals. Backtesting results over a full year show that different indicators produce highly divergent outcomes when exposed to the same market environment: trend-following and oversold-reversal strategies tend to struggle during weak or choppy market phases, while volatility-breakout methods, particularly Bollinger Band strategies, demonstrate higher win rates and more stable drawdown behavior.