GateVentures: Market sentiment falls into extreme panic derivatives and forecasts track accelerates institutionalization

According to GateVentures 'latest crypto weekly report, the overall market has been under pressure in the past week. BTC and ETH have fallen 6.8% and 5.8% respectively, and the panic and greed index has dropped to 8, entering the "extreme panic" range.<br /> Despite weak price performance, funds still maintained a certain degree of resilience. BTC and ETH spot ETFs recorded net inflows of approximately US$767 million and US$161 million respectively, indicating that institutional funds are still being deployed. Overall, the total market value of the crypto market fell by about 5.5%, and the market is in a stage of emotional recovery and structural differentiation.<br /> At the macro level, the Federal Reserve kept interest rates unchanged, coupled with the situation in the Middle East pushing up energy prices, and the market's concerns about the risk of stagflation have increased. At the same time, the integration of traditional finance and crypto markets continues to deepen. Morgan Stanley and Gray respectively promote the layout of Bitcoin and Hyperliquid ETFs. Restrictions on related derivatives trading have also been relaxed at the exchange level, and the path for institutional participation has been further broadened. In addition, it is predicted that the institutionalization trend of market tracks is accelerating, and Kalshi has completed more than US$1 billion in financing and has a valuation of US$22 billion.<br /> In terms of investment and financing, a total of 11 transactions were completed last week, and the total financing disclosed reached US$1.18 billion, of which infrastructure tracks accounted for 64%, which was the main flow of funds. Overall, against the background of intensified market volatility, funds continue to flow into core infrastructure and emerging narrative areas, and the industry's long-term construction momentum remains stable.