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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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August 11 – 20, 2025
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2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Glassnode: The market needs to rebound in the short term to reassure new investors, and contract data indicates that speculative enthusiasm has cooled.
On August 7, on-chain data analysis firm Glassnode released the latest issue of its on-chain weekly report, themed "Bitcoin Market Enters Liquidity Vacuum: The Game of Key Support and Demand Recovery." Glassnode cited data in the report stating that after Bitcoin reached an all-time high of $123,000 in mid-July, it entered a consolidation phase, with the price currently having dropped below the supply dense area based on $116,000. On July 31, the price further broke below the lower edge of this range, sliding into a liquidity thin "vacuum gap" that extends downward to $110,000. Despite some Buy the Dips behavior, the market has yet to reclaim the key resistance level. The profit ratio of short-term holders has dropped from 100% to 70%. If demand does not rebound quickly, the confidence of new investors may weaken, leading to more selling pressure. Meanwhile, Bitcoin ETF saw a net outflow of 1,500 BTC on August 5, marking the largest single-day outflow since April 2025. The funding rate in the Perpetual Futures market has also declined, indicating a reduced willingness to enter long positions with leverage and a cooling off in market speculation.