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Bitcoin futures are not really bearish even if they appear to be. Research firm 10x says the negative funding rates reflect structural hedging by institutions, not a broad bearish play.

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…