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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
The analyst who says "Every dump is a buying opportunity" expects a record for Bitcoin.
Experienced analyst Willy Woo stated that the capital flows towards Bitcoin are strengthening and that this process is laying the groundwork for new peaks.
Woo stated in a post from account X that Bitcoin's key indicators are signaling a bull market. According to the analyst, the capital inflows into the Bitcoin network have gained momentum. Woo said, "Both total and speculative capital inflows have recovered from their lows. When these two types of inflows rise simultaneously, a strong bullish environment is created."
However, Woo emphasized that the likelihood of the price moving sideways in the short term is high and that Bitcoin needs to gather strength before gaining new upward momentum. He based this assessment on the volume-weighted average price (VWAP) indicator. According to the analyst, the VWAP is currently at plus three standard deviations, and this situation makes it difficult for the price to gain upward momentum.
"Bitcoin will continue to move towards new peaks as long as the capital flow trend persists. This indicates a solid structure in the long term. In the current market conditions, every dip is a buying opportunity. However, there are chances of a decline in the short term," said the analyst, emphasizing the strength of the long-term outlook.
Published: April 28, 2025 14:49