Happy New Year, everyone! ~

As 2025 is about to turn the page, I recently made an interesting discovery. According to an annual summary released by a crypto market data agency, this year's performance in the derivatives market is definitely worth a look. I’ve selected a few data points that I find quite interesting—let’s discuss:

1️⃣ Speaking of this year's story, the change in institutional holdings of BTC is the most eye-catching. At the beginning of the year, about 600,000 BTC were held in public accounts, and by the end of the year, the number had risen to a higher figure. What does this near-straight upward trend indicate? It suggests that large funds are continuously accumulating, and the overall trend has remained steady without much fluctuation.