Gate Weekly Report: BTC Funding Rate Turns Positive, CEX TradFi Trading Volume Soars
In the past week, the market was mainly driven by the escalation of the US-Iran conflict, with WTI crude oil rising nearly 17% to return above $100, leading to an increase in US Treasury yields (10Y to 4.44%), a strengthening dollar, and an overall decline of over 6% in the cryptocurrency market, with the VIX rising to 31. In terms of capital, there was a net outflow of about $500 million from BTC and ETH ETFs midweek, followed by a slight inflow.