Odaily reports: According to Gate's latest institutional weekly report, affected by the U.S. stock market correction and macroeconomic risks, market appetite has come under pressure, with the S&P 500 and Nasdaq falling 2.68% and 3.37% respectively. The crypto market also pulled back in tandem, with BTC and ETH declining 3.28% and 1.5% respectively. Institutional allocation to spot ETFs has become more cautious, with BTC and ETH ETFs seeing net outflows of $1.282 billion and $365 million respectively. Against the backdrop of deleveraging and rising hedging demand, Gate's cross-asset advantage has become evident: Gate TradFi weekly trading volume grew 13% quarter-over-quarter to approximately $13 billion, with ETFs rising to 25% of stock trading.
On-chain trading volume on major DEXs declined, and stablecoin supply fell 1.73% week-over-week, while Aave borrowing balances rebounded 1.8%. On the derivatives side, BTC futures open interest (OI) fell 3.61%, while options OI grew 10.80% against the trend. Skew remained negative across all tenors, and DVOL rose 1.76% for the week, indicating that deleveraging and demand for downside protection are coexisting.
Facing macroeconomic uncertainty, Gate leverages the multi-asset synergy of its institutional business to integrate instruments including stock spot, stock futures, gStocks, and CFDs, continuously expanding cross-market allocation and trading options for institutional clients, and comprehensively meeting professional clients' needs for cross-platform trading, liquidity management, and hedging.
