#比特币价格分析 Due to the escalation of geopolitical tensions and the market's expectation of the Federal Reserve's interest rate cuts narrowing from 75 basis points to 50 basis points, the cryptocurrency market has once again experienced a significant sell-off. It is noteworthy that even a certain whale Address, which previously maintained a winning rate, was forced to cut losses during this buy the dip, indicating that market fluctuations have exceeded normal expectations. Data shows that in the past 24 hours, the total liquidation of long positions across the network reached 1.278 billion USD, and market bearish sentiment is extremely strong. Although all technical indicators point to weakness, caution is needed as there is a lack of sufficient counterparties below 106000, which may limit further short-term declines. Extremely crowded short positions could instead trigger a technical rebound due to short covering.
On-chain data warning: if the price rebounds to around 108000, it will trigger a short liquidation of approximately 580 million USD, which could become a catalyst for a short-term rebound.
From a technical perspective, the moving averages of Bitcoin show a bearish arrangement, with the overall market dominated by bears. However, the RSI has entered the oversold zone, and the candlestick pattern is showing a hammer and a bullish engulfing pattern, suggesting a technical rebound demand in the short term. Given that the larger trend remains weak, it will be difficult to achieve a trend reversal without significant volume increase. The key resistance level to focus on during the day is around 1078, and we need to wait for the four-hour chart to stabilize effectively above this level to confirm the strength of the rebound. In conclusion, it is recommended to maintain a strategy of selling on rallies.

#Gate跨所交易平台CrossEx上线 Gate's newly launched cross-exchange trading platform CrossEx connects three major exchanges through a unified account, significantly enhancing capital efficiency and trading convenience, with far-reaching implications:
1. Core Functions and User Value
Unified management of funds across multiple exchanges
Users can operate multiple exchanges through a single account, eliminating the hassle of switching between multiple accounts. It supports cross-exchange margin sharing and automatic profit and loss hedging, enhancing the utilization of funds.
Institutional-grade trading optimization
The quantitative team can consolidate the trading volume across multiple platforms, using a low-latency matching engine to execute inter-exchange arbitrage strategies, reducing revenue loss caused by price differences between platforms.
2. Industry Impact
Promote the upgrade of cryptocurrency financial infrastructure.
CrossEx's API unified standards provide a cross-platform collaboration model for the industry, accelerating the integration process of traditional finance and on-chain assets (continuing Gate's previous strategic direction of the xStocks US stock zone).
Force the exchange to experience competition
According to data from September 2025, Gate's contract trading volume has jumped to the top three globally. This innovation will further strengthen its "technology-driven" positioning and encourage peers to optimize cross-platform compatibility.
CrossEx breaks down the ecological islands of exchanges, providing users with institutional-level efficiency while establishing new standards for cross-platform collaboration in the industry. Its long-term value depends on ecological expansion and risk control capabilities, and it has now become the preferred choice for efficiency optimization among multi-platform traders.

#参与创作者认证计划月领$10,000
Bitcoin November Market Outlook
The technical formation shows that after a pullback from $126,383, Bitcoin is currently in a consolidation phase within a correction pattern. This range-bound fluctuation is essentially an "energy compression" within the overall upward trend, and there is a high probability of a two-way fluctuation market in the future.
The answer to the core question of "Will Bitcoin continue to rise?" depends on two key points: first, whether buyers can firmly hold the support level at $109,000, and second, whether they can reclaim the resistance level at $112,500. If they successfully break through the range of $112,500 to $115,000, it will signal a strong return of Bitcoin, and it is expected to further rise to $118,000, or even challenge the high of $121,500.
Conversely, if Bitcoin fails to hold the support around $109,000, it may trigger a larger pullback, dropping to $106,000 or even $103,000. However, the continuously increasing open interest and the inflow of funds into exchanges indicate that the market's accumulation power below the current price level remains strong.
Overall, Bitcoin is in a critical trading zone, and the confirmation of the breakthrough direction will likely determine the main trend of the market in November.

#GatePay国家码功能上线 Gate Pay launches country code functionality, initially supporting users in Vietnam and Brazil, covering over 17 million merchants in total. Users can directly use Crypto Assets to make payments by scanning codes at local stores, restaurants, and service venues.
The launch of this feature marks a key step for Gate Pay in its globalization layout and local service capabilities. Since its launch, Gate Pay has been committed to providing a one-stop Crypto Assets payment solution for users worldwide. The addition of country code support not only further perfects the product's international infrastructure but also lays the technical foundation for covering more countries and regions in the future. Gate stated that it will continue to expand market access and accelerate the realization of its All in Web3 strategic layout, promoting the popularity and application of Crypto Assets payment globally.
This move indicates:
1 Compliance Enhancement
Country codes may be used to meet the regulatory requirements of different countries or regions, helping GatePay better comply with local laws and regulations, ensuring the legality and security of payment operations, and reducing compliance risks.
2 Payment Scenario Expansion
Through country code recognition, GatePay may optimize payment processes for different regions, supporting more localized payment scenarios, such as partnering with merchants or financial institutions in specific countries to provide more convenient Crypto Assets acquiring services.
3 User Experience Optimization
For users, the country code feature may simplify the payment process, such as automatically adapting to local currencies, rates, or payment rules, enhancing the convenience and efficiency of cross-border payments.

#BTC是否会突破12万 I believe that BTC is expected to break 120,000$ this week for three reasons::
On Wednesday (the day of the Federal Reserve's interest rate decision), a critical juncture will arrive - the market widely expects the Fed to cut rates by 25 basis points, bringing the interest rate down to the 4.00%-4.25% range. This decision not only affects the U.S. stock market and bond market but also directly influences the nerves of risk assets like Bitcoin. Traders have already placed their bets on this policy shift by leveraging their positions. Rate cut expectations: Behind the 92.6% probability, the data provides the answer.
Why is the market so certain about "interest rate cuts"? The core logic lies in two sets of key data:
On one hand, the economic reports for July and August have already sent signals - the U.S. labor market is beginning to cool down, and the core inflation rate continues to decline. These two indicators are important bases for the Federal Reserve to adjust interest rates, and they also set the stage for last month's first rate cut; on the other hand, the data from the prediction market Myriad is even more direct: the current market believes that the probability of a 25 basis point rate cut this week is as high as 92.6%, which is almost an expectation that is "set in stone."
Even though the U.S. government shutdown has caused some economic data to be "discontinued," Federal Reserve Chairman Powell's previous remarks about "ending quantitative tightening" have quietly revealed the underlying message— the central bank's stance on "loosening monetary policy" is already very clear, which gives cryptocurrency investors more confidence. The market has reacted: open contracts have surged, and Bitcoin is nearing 120,000? With clear expectations of interest rate cuts, the crypto market has already taken action in advance.
According to CryptoQuant data, the total open interest in Bitcoin (the value of all outstanding derivative positions) has surged from $33 billion last week to $37.63 billion, indicating that more traders are betting on the market using leverage tools. Correspondingly, the price of Bitcoin has risen from $107,600 to $116,000, just a step away from the $120,000 mark.
However, we must also be clear-headed: the current open interest of 37.63 billion is still lower than the 47 billion when Bitcoin reached its historical high of 126,000 USD on October 6. As market observers have pointed out, some of the upward potential may have already been priced in. Whether it can break through key levels next will depend on the "statement details" from the Federal Reserve—such as whether Powell will clearly indicate a "gradual easing cycle," which would directly mean more accommodative liquidity going forward, and liquidity is the "fuel" for risk assets like Bitcoin.
At the same time, the views of Bit CEO Gracy Chen are quite insightful: she believes that this rate cut has already been digested by the market, but the "easing signal" released by Powell is the key. If Bitcoin can hold the support level of $112,000, it is expected to challenge the range of $118,000-$120,000 before the end of the month; meanwhile, the continuous inflow of funds into ETFs and the easing of trade tensions are also contributing to the market's "brick by brick" construction.
For ordinary investors, there is no need to get caught up in "guessing the rise and fall" this week; the focus should be on two key things:
First, whether the Federal Reserve will cut interest rates by 25 basis points as scheduled,
Second, whether Powell mentions the "subsequent easing pace". If these two signals meet expectations, Bitcoin may ride the wave of liquidity to challenge 120,000; if they fall short of expectations, the risk of a pullback due to leverage also needs to be mitigated in advance.
The current cryptocurrency market is like standing in front of the "eye of the storm"—beneath the calm surface lies a struggle between capital and policy, and Wednesday's Federal Reserve decision will provide the first clear answer.