⚡Glassnode data shows that institutional funds are shifting from "retreat mode" back to "exploration mode"— 1) CME positions, as a key indicator of institutional leverage participation, currently show BTC futures open interest (OI) at $64.37 billion. It's stabilizing from the low point two weeks ago and is in a slight bottoming and recovery phase. 2) The asset under management (AUM) of U.S. spot ETFs has rebounded from deeply negative levels, with ETPs seeing over $4 billion in net inflows for five consecutive weeks. 3) Exchanges have continued to experience net outflows over the past week. The current state seems more like early-stage recovery. The ideal scenario would be: ETF 30-day position changes consistently returning to positive territory, CME open interest rising in tandem, and BTC prices steadily climbing. This would indicate that spot allocation funds and derivative risk exposure are recovering simultaneously, making the bitcoin:native bottom increasingly solid. Let’s hope we can hold $80K this week and make those who didn’t buy at $60K cry their hearts out!