2025-12-30 02:21:46

$BTC From the perspective of the futures market, a leading exchange currently holds the dominant position in the Bitcoin derivatives market. Its open interest has reached 125,000 BTC, with a nominal value of approximately $11.2 billion at current prices. This volume is sufficient to reflect the true flow of institutional funds.

Interestingly, the international futures market shows an opposite trend. The open interest on a globally leading derivatives platform has fallen to 123,000 BTC, hitting a historical low since February 2024. The reasons are not complicated—basis traders are closing their positions, and institutional hedging demand is also cooling significantly. This contrast reflects changes in market participants' sentiment and adjustments in capital allocation strategies.

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AirdropNinja

· 12h ago

Oh my, the domestic exchanges' influence in this wave is really unmatched. Are institutions quietly withdrawing? Not looking good. $11.2 billion is at stake here, feels a bit risky. Basis traders are fleeing, hedging demand is cooling... Hmm, this signal is a bit alarming.

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ProveMyZK

· 12h ago

The domestic and international futures markets are moving in opposite directions. The arbitrage opportunities in this wave are likely to shrink. Basis traders are fleeing, and institutions are cooling down. Interesting. With a volume of 11.2 billion USD, this is truly the real influence. Wait a minute, are they all shifting towards spot?

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governance_ghost

· 12h ago

Institutions are fleeing, this signal doesn't seem right --- $11.2 billion is pressured on one exchange, how daring is that --- Basis traders have all left, what does that mean... --- Reverse trend? This is called a disconnect, everyone --- Hedging demand cools down, does that mean big players are no longer panicking or are they really scared --- Accumulating on one side while withdrawing, the market is diverging quite sharply --- A historical low has appeared, should I buy the dip or run away --- The leading exchange has such heavy influence, the risk isn't small either --- The story of contract volume always revolves around the flow of funds --- Institutional sentiment has changed, retail investors are still dreaming

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HallucinationGrower

· 12h ago

Huh, 125,000 and 123,000 are almost the same. Does this difference really mean anything... Are the institutions preparing to run away? Are there really so many people closing positions? Something's off. The leading exchanges are holding so tightly, smaller retail investors are having a tough time. Basis traders are retreating, big players are also watching... This signal feels a bit suspicious.

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HodlOrRegret

· 12h ago

Domestic exchanges are still holding high positions in this wave, while international ones are plunging. Are institutions all fleeing? --- A volume of 11.2 billion USD... Wow, how many whales would it take to support that? --- Have the basis traders all exited? Will there be big moves coming up? --- Is this what they call "discourse power"? Feels like we've been trapped, haha. --- The cooling of hedging demand indicates that institutions think the current risk is quite high. --- The contrast is so obvious, showing that market segmentation is becoming more and more severe. --- International prices have fallen to a historic low, while domestic ones are still holding on. Who profits and who loses is clear as day. --- 112 billion... If this money were to be invested, it could directly reach the sky.

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