Implied volatility skew in "crypto futures trading us" BTC options turned positive for call options, suggesting traders expect upside. Futures traders are aligning with this, lifting net longs to a 3-month high. China’s digital yuan is already in use. The European Union has passed a sweeping framework that treats digital assets as part of sovereign infrastructure — public systems built and controlled by governments — while the European Central Bank is testing a digital euro. Dozens of countries, from India to Brazil , are building their own sovereign digital payment systems. For projects, strategic considerations include building robust infrastructure, leveraging ecosystem growth (especially on Ethereum and Solana), and prioritizing fundamental development and partnerships with traditional finance. Investors, on the other hand, must adopt a multi-layered risk management approach, including small, measured allocations, actively trimming leverage, and monitoring liquidation heatmaps. Diversification, disciplined dollar-cost averaging, and close monitoring of ETF inflows, real yields, and regulatory signals are crucial. Possible scenarios range from an accelerated institutional integration (high likelihood) driven by CME's initiatives and ETF approvals, to sustained volatility with episodic liquidation cascades (moderate likelihood) due to persistent high leverage, and altcoin market outperformance (moderate likelihood) following Bitcoin's strength. While regulatory setbacks remain a possibility, recent legislative progress suggests a lower likelihood of major policy reversals. In "crypto futures trading us", large block trades over $10M in BTC futures have increased 15% in the last 48 hours, highlighting whale accumulation ahead of the US Core PCE release. Market makers report tighter spreads indicating strong liquidity.