💥 Gate Square Event: #PTB Creative Contest# 💥
Post original content related to PTB, CandyDrop #77, or Launchpool on Gate Square for a chance to share 5,000 PTB rewards!
CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
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📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
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#晒出我的持仓收益# #晒出我的持仓收益# On BTC on-chain data: holder behavior and market sentiment
1. Long-term holders sell (LTH)
①Profit Realization: When the cost of holding LTH is (, it will result in a significant increase in on-chain transaction volume if it is cashed out heavily at a high level of 100,000 US dollars, with a cost of less than 20,000 US dollars.
② Exchange inflow: The number of BTC transferred to the exchange increased by 30% on a weekly basis, indicating short-term selling pressure.
2. The derivatives market is overheated
①Funding Rate for Futures: The perpetual contract funding rate remains positive and above 0.1%, leading to long leverage crowding and accumulating liquidation risk;
② Option Put/Call ratio: surge in demand for put options
) rate>0.7(, hedging the expected decline.