📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
#GT# #BTC# #XRP# #ETH# #DOGE#
The Bitcoin derivatives market witnessed an unprecedented shift today.
Traditionally, liquidation operations have largely trended in one direction, which was evident even in a market known for its "volatility." In just the past hour, leveraged Bitcoin positions worth approximately $13.48 million were closed, almost all of which came from long-term buy positions, according to .
Since the short selling value reached only $7,790, the discrepancy between the two reached 17,300%.
At that time, prices were not in a sharp decline. The price of Bitcoin was trading at around 119,500, just a little below its previous high of 120,000 USD. However, the way positions were distributed meant that any slight drop was enough to liquidate a number of long contracts.
Currently, the early construction is in the low-priced chip stage
Holding 200 for five years may yield hundreds or thousands of times
Just the cost of a meal, and
Holding for five years with hundreds of times is 200,000, and thousands of times is 2,000,000
A very good opportunity for a bottom-level turnaround.