🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Bitcoin fluctuated in the zone $100,000–$110,000 for 7 weeks.
A report on June 26 from Glassnode indicated that Bitcoin (BTC) has maintained within the price zone of $100,000 to $110,000 for seven consecutive weeks due to slowing realized profits, cooling on-chain transfer volume, and cautious sentiment in the derivatives market.
The total realized profit in the 2023–2025 cycle has reached $650 billion, surpassing the entire 2020–2022 cycle. However, the circulating capital is slowing down, as on-chain transfer volume has fallen 32% from the end of May to $52 billion, while spot trading volume has only reached $7.7 billion.
The cost basis heatmap shows a dense accumulation zone from $93,000 to $100,000, considered a structural support zone. BTC fell below $99,000 last weekend but quickly recovered as geopolitical tensions eased.
Meanwhile, the derivatives market recorded liquidations of up to $28.6 million in long positions and $25.2 million in short positions, resulting in open interest falling by 7% to 334,000 BTC. The funding rate and the price difference of the 3-month futures contracts continued to decline, reflecting a cautious sentiment.
Glassnode concludes that the price of Bitcoin may continue to move sideways within the range of $10,000 until there is a significant increase in demand, activity, and market confidence.