- Topic1/3
28k Popularity
32k Popularity
28k Popularity
56k Popularity
20k Popularity
- Pin
- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
💥 The creator ecosystem is in full bloom!
📈 Get featured, earn rewards, and grow your influence—what are you waiting for?
💰 Cash incentives ✔️
🚀 Traffic support ✔️
👑 Exclusive verification ✔️
From 0 to 1,000 in just weeks—Gate Square is becoming the epicenter of Web3 content! ⚡
You’re not just posting content, but the next "viral opportunity"!
🌟 Join the Spark Program and kickstart your breakthrough!
👉 https://www.gate.com/announcements/article/45695
Are BTC Speculators Losing? $31 Million Has Been Wiped Out in the BTC Short Liquidation
Bitcoin cannot maintain its upward momentum after rising to the current all-time high of 108,786 dollars in January, leading to a collapse to around 74,000 dollars in the following months. However, this leading cryptocurrency appears to have made a strong recovery. Even if the price of Bitcoin remains comfortably above the important six-figure threshold, a crucial question remains — will the bull run really return? Recent chain analysis indicates that the market leader may be preparing to continue its upward trend. Binance witnessed the largest short liquidation since April. In a Quicktake post on CryptoQuant, an anonymous analyst on the Darkfost chain revealed that a large number of short positions have been opened on Binance as Bitcoin has decreased from its current all-time high. According to this cryptocurrency expert, this part of the derivatives market is a significant source of selling pressure on BTC prices in the coming months. Darkfost continues to explain that when the price of BTC begins to recover, these short positions, as predicted — although slowly, have been liquidated, becoming buying pressure on the cryptocurrency. However, this slow liquidation chain surged on May 8 to a new daily high since March. According to data from CryptoQuant, over 31 million dollars in short positions have been wiped out on Binance, the largest exchange in the world by trading volume. The chart below is an on-chain indicator showing the amount of liquidations in USD — the metric 'USD Short Liquidations'.
Moreover, Darkfost revealed that the relatively low funding rate is around 0.004. This trend indicates the abundant presence of short positions in the market and also shows that Binance traders are not willing to buy in.
Darkfost concluded that liquidating or adding to these short positions could help Bitcoin's bullish trend regain momentum, thereby facilitating further growth of this leading cryptocurrency. This cryptocurrency analyst also mentioned the possibility that the potential recovery of this bullish strength could drive this leading cryptocurrency past its previous all-time high. Bitcoin Price Overview As of the time of writing this article, the price of BTC is around 104,335 dollars, reflecting a rise of more than 1% in the past day. According to data from CoinGecko, this leading cryptocurrency has risen nearly 9% in the past seven days.