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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
🎁 Complete simple tasks, get up to 13.2 GT per user
📅 From July 8 to July 20
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
Share your unique insights on the CROSS project and stand a chance to win $500 worth of CROSS rewards!
💰 Rewards:
1st Prize (1 winner): $150 worth of CROSS
2nd Prize (3 winners): $50 worth of CROSS each
3rd Prize (10 winners): $20 worth of CROSS each
👉 How to Participate:
1. Publish your unique insights on the CROSS project in Gate Square.
2. Add the tag #Gate Square Writing Contest Phase 1# to your post (minimum of 300 words).
3. Share your article or insights on X with the tags: Gate Square & CROSS.
Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
- 🚀 Calling all Gate Square content creators!
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#GateSquare#
Big Support from Whales to Bitcoin (BTC)! Accumulation is Increasing!
The price of Bitcoin (BTC) failed to cross the $31,000-30,000 threshold last month. With its high prices and profitable addresses, many investors believe that Bitcoin (BTC) will not be able to exceed these levels in the near term.
Despite BTC movements, whales and sharks remained optimistic. According to data from Santiment, Bitcoin's leading investors and large-scale holders continue to demonstrate sustained activity, unaffected by the relatively stagnant price range of $30,000 to $31,000. Since June 17, 71,000 additional BTC worth $2.15 billion has been accumulated at 10,000 BTC addresses.
As a result of the accumulation, there was a significant increase in the number of addresses with more than 1 Bitcoin. According to Glassnode data, the number of addresses holding 1+ BTC recently reached an all-time high of 1,008,517.
In addition, it is stated that a significant portion of the addresses are inactive without participating in any Bitcoin transfer or showing any signs of activity. This observation is presented from data provided by Glassnode. It revealed that the Last Active 2-3 Year Supply Quantity (1-day MA) recently reached an all-time high of 3,032,163,240 BTC.
This indicated that many of the Bitcoin accumulating addresses were planning to HODL and store their BTC instead of selling it. Also amid these findings, a bearish trend in investor sentiment became evident. Recently, there has been a noticeable increase in the purchase rate for Bitcoin. This situation shows an increasing preference among analysts for options contracts that profit from downward price movements. This shift in sentiment may indicate increased caution and anticipation of potential price declines. The increase in bear sentiment can be attributed to the observed volatility in Bitcoin options. This increase may indicate a higher degree of market uncertainty and risk perception among analysts and investors.
#GateioBountyCreator# #ContentStar# #BountyCreator# #Gateio10周年# #NewYearCelebration# #GateioTurns10# #contentcreator# #NewsMessenger#
#HotTopicDiscussion#