RWA ๐ Global & Macro: CFTC data shows fund managers reduced net long positions in S&P 500 futures, signaling growing caution on U.S. equities.
๐ฆ RWA & Institutional: No major RWA developments this hour; institutional focus remains on derivatives positioning and exchange custody trends.
โก Crypto & Markets: Binance’s Bitcoin reserves climbed to 693,000 BTC, ~30% of major exchange holdings, reinforcing its custody dominance. Meanwhile, ETH futures open interest fell 5% in 24 hours, indicating deleveraging.
๐ก Key Takeaway: Institutional caution on equities and crypto deleveraging contrast with Binance’s growing Bitcoin dominance, suggesting a risk-off but consolidation-prone market.