Recent market signals have been interesting. CME Bitcoin futures and Binance holdings have finally moved in sync—previously their movements often diverged, but now they are rebounding together. Since the beginning of the year, CME's BTC futures open interest has rebounded from a low of $9 billion, with an increase of over 10%, now stabilizing above $10 billion. Binance's holdings have also been active, growing from $11.3 billion to $12.2 billion. The simultaneous rebound in the holdings of these two major institutional investors indicates that market expectations are subtly changing. Institutions are gradually increasing their Bitcoin exposure, possibly brewing a new round of market activity.