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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
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🟢 📊 Last 1 Week of Major BTC Withdrawals!
A noteworthy development has occurred in the cryptocurrency market.
In the last 7 days, approximately 24,383 #BTC were withdrawn from centralized exchanges to cold wallets (CEX). 💰🔥
🔍 What does this mean?
✔️ Supply Reduction:
The decrease in the amount of BTC on exchanges may reduce selling pressure. This could have a positive impact on the price in the long term.
✔️ HODL Strategy:
The withdrawal of investors' BTC to wallets indicates that they have no intention of selling and are following a long-term holding strategy (HODL).
✔️ Corporate Impact:
Recently, the demand for Spot Bitcoin ETFs may be supporting the trend of increased institutional purchases and decreased supply.
✔️ What Does It Mean for the Price?
Historically, large amounts of BTC withdrawals have created bullish expectations in the markets. However, it is also important not to forget the risks of correction and manipulation in the short term.
🔎 On the technical side, BTC continues to show strength by maintaining critical support levels. Will the upward trend continue, or will a new correction wave come?
💬 Do you think this movement is a harbinger of a new bull run or are investors just pulling to a safe haven?
🗨️ Share your thoughts in the comments, write your analyses and expectations!
👇
#Bitcoin# #Crypto# #Blockchain# #BTC# #Trading#