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- ๐ A Warm Welcome to Dr.Han on Gate Square!
Dr.Han โ Founder of Gate and a seasoned crypto industry observer โ is now officially sharing insights on Gate Square!
๐ข Follow Dr.Han and like or comment on his latest post for a chance to win!
๐ Post: https://www.gate.com/post/status/11966645
๐ Profile: https://www.gate.com/profile/Dr_Han
๐ Giveaway Alert:
Weโll randomly select 10 lucky users from those who follow + like/comment to receive a limited-edition Gate T-shirt โ the same style worn by Dr.Han!
(If shipping is unavailable in your region, a $50 Futures Voucher will be provided instead.)
๏ฟฝ
- ๐ฅ Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event is Live!
Share Alpha trading highlights screenshots with #Gate Alpha Trading Share# to split $100!
๐ 10 lucky users * 10 USDT each
๐ July 4, 4:00 โ July 20, 16:00 UTC+8
Donโt forgetโthe main Alpha Points Carnival prize pool is up to $1,000,000!
Trade and post for double the chances to win!
Learn more: https://www.gate.com/announcements/article/45908
- ๐ Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone โ All Open!
๐ Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
๐ 5 top Square creators * $100 Futures Voucher
๐ Share your post on X โ Top 10 posts by views * extra $50
How to Participate:
1๏ธโฃ Follow Gate_Square
2๏ธโฃ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3๏ธโฃ 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!
๐ July 3, 7:00 โ July 9,
- #GateSquareGiveaway# - Spot the Differences ๐
GM โ Our frog friend has two slightly different morningsโcan you find all the changes?
๐ฐ $10 Futures Voucher * 5 winners
To join:
๐นFollow Gate_Square
๐นLike this post and drop your answer in the comments
๐ Ends at 16:00 PM, July 7 (UTC)
Selling Pressure on Bitcoin Increases as New Holders Take Profit
Selling pressure on Bitcoin (BTC) has increased again after investors holding Bitcoin for 6-12 months realized massive profits. In one day, this group sold Bitcoin worth US$904 million or 83% of the total daily profit-taking, thus restraining the rise in Bitcoin prices.
Meanwhile, long-term holders who have held Bitcoin for more than 12 months are actually reducing their selling activity. Data shows that profit-taking from this group has decreased drastically, indicating a higher confidence to hold assets amid market volatility.
The selling action from new *holders* caused Bitcoin to drop from US$108,990 to around US$106,853, bringing Bitcoin back into a consolidation phase. As long as this selling pressure remains high, the price is expected to move sideways in the range of US$103,000โUS$105,000.
If the selling pressure from new holders begins to ease, the chances of a breakout upwards will open wide. Meanwhile, old holders are expected to continue to act as a stabilizing buffer for the market, keeping Bitcoin strong amidst fluctuations.
As information, Bitcoin is currently experiencing a decrease of 2.4% in the last 24 hours and is at the level of US$104,927 as this article was written on Wednesday (18/06) morning.