🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
A major shift is unfolding in BTC futures architecture. Currently, the largest exchange commands roughly 125K BTC in open interest ($11.2B notional), solidifying its market dominance. Meanwhile, CME futures open interest has contracted to 123K BTC—marking the lowest level since February 2024. This pullback reflects a confluence of factors: basis trade unwinding as arbitrage opportunities narrow, coupled with noticeably softer institutional demand. The divergence signals institutional players are reassessing positioning amid tighter spreads and evolving market dynamics.