Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Tomorrow is the Dragon Boat Festival.
Hope everyone has a good rest during the holiday.
Data Analysis:
According to the current liquidation map, the market is currently dominated by short positions. Based on the current Bitcoin price around $105,800, if the market rises again to around $107,800, the total amount of short positions that could be liquidated is expected to be approximately $1.28 billion. Conversely, if the market falls to around $103,800, the total amount of long positions that could be liquidated is expected to be approximately $1.35 billion.
From the Bitcoin ETF institutions, it can be seen that, apart from BlackRock's fund inflow of 125 million USD yesterday, other institutions experienced outflows, with an overall net fund outflow of 347 million USD yesterday.
Market Opinion:
Market direction: Generally bearish in the short term. From the current market trend, it is not difficult to see that the market has started to move downwards. What we need to pay attention to is where the market will stop falling. Ethereum has also been affected and has dropped somewhat. However, from Ethereum's trend, it appears to be relatively strong. I personally believe that when the market rebounds, Ethereum will have the opportunity to continue rising. For most altcoins, there will be an overall decline, especially in the meme and AI sectors. At the same time, market sentiment has also begun to decline, with more people remaining cautious and waiting to see how the market will move next.
Subscription Benefits:
If family members want to eat more than 3,000 points of profit, then ask family members to open a subscription to enjoy the ambush layout in advance. At the same time, there is also a contract strategy of ETH and SOL, it is better to take action, hurry up and subscribe to go~