BTC price and positions synchronized repair, Gate institutional multi-asset trading continues to warm up

Last week, the cryptocurrency market was under pressure due to higher-than-expected CPI data and geopolitical tensions in the Middle East. However, as the market completed risk pricing, BTC, ETH, and the overall cryptocurrency market experienced a rebound after an initial decline. BTC rose approximately 4.2% for the week, while ETH increased about 2.1%. The ETF capital flows and derivatives market also showed signs of recovery.

Gate TradFi Perp's daily trading volume repeatedly exceeded $500 million, peaking close to $700 million, reflecting a continued warming of institutional risk appetite and demand for multi-asset allocation. In terms of institutional business, Gate's institutional trading volume share increased by 7.5% month-on-month, with BTC and ETH spot market shares growing by 9.62%.