💥 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
PTB Launchpool is live 👉 https://www.gate.com/zh/announcements/article/46934
📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
📌 How to Participate:
Post original content related to PTB, CandyDrop, or Launchpool
Minimum 80 words
Add hashtag: #PTB Creative Contest#
Include CandyDrop or Launchpool participation screenshot
🏆 Rewards:
🥇 1st
Willy Woo: The slow rise of Bitcoin in this cycle is due to the selling pressure from ancient Whales, and the market needs to digest the chips with ten thousand times the profit.
BlockBeats news, on August 25, crypto analyst Willy Woo tweeted, "Why is Bitcoin rising so slowly this cycle? The supply of Bitcoin is mainly concentrated in the hands of ancient Whales, who reached their peak holding around 2011. At that time, the price of Bitcoin was bought at $10 or lower. Now, every time they sell 1 BTC, the market needs over $110,000 in new funds to absorb it. This difference in cost basis, the amount they hold, and the speed of selling have a profound impact on how much new funding is needed to push prices up. This can be seen as the growing pains that Bitcoin is experiencing until these investors, who have already made 10,000 times their profit, are fully absorbed by the market."