BTC prices have recently experienced a correction, but based on holdings data, market participants' attitudes have shown an interesting divergence. According to coinglass data, the open interest(OI) of CME contracts not only did not decline accordingly but actually increased against the trend, rising from $10.6 billion to $11 billion. In contrast, the holdings of a major exchange have been different — as the price corrected, the open interest significantly decreased and has not yet returned to the high levels from a week ago. This divergence in holdings performance between institutional and spot trading sides may be worth traders' careful consideration.