According to The Kobeissi Letter, institutional investors are reducing their stock exposure as the funding spread has decreased by approximately 50 basis points over recent weeks, reaching its lowest point since August 2024. This decline reflects a reduced demand for long stock exposure via futures, options, and swaps, indicating a possible shift in institutional trading strategies. Source: The Kobeissi Letter.

According to The Kobeissi Letter, institutional investors are reducing their stock exposure, as indicated by a 50 basis point decline in the funding spread over recent weeks, reaching its lowest level since August 2024. This spread measures the demand for long stock positions through futures, options, and swaps, reflecting a significant shift in institutional trading strategies.

According to Ai 姨, Binance is launching a new user registration promotion from February 13 to February 21, 2025, where participants can earn 25 LAYER tokens (approximately $25) if their trading volume reaches at least 500 USDT in spot, margin, or futures markets. This offer is limited and operates on a first-come, first-served basis, providing an incentive for increased trading activity on the platform.

According to The Kobeissi Letter, President Trump has ordered the US Treasury to stop producing pennies due to the cost of production being three times the coin's value. This decision could impact the metals market and related futures as the demand for copper may decrease. Traders should monitor the copper futures market for potential price adjustments.

According to @GreeksLive, Bitcoin has been oscillating around $100,000 for nearly two months, reaching $110,000 in mid-December and dropping below $90,000 this week. Major term futures remain elevated over 12% annualized, indicating a persistent bullish sentiment despite market fluctuations. The long leverage levels are high, suggesting continued market risk appetite. Implied volatility for options between January and March has decreased, reflecting a shift in market expectations as political events approach. Despite recent declines, market sentiment remains bullish, with lower fear levels compared to mid-December. However, block trading is dominated by bearish positions.

According to Farside Investors, the firm has introduced a new webpage that provides a live version of the Bitcoin futures annualised yield curve. This data is aggregated from multiple trading venues, offering traders a comprehensive view of yield trends in the Bitcoin futures market.