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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
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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
Market analysis in the early hours of today
Bitcoin is currently maintaining a slow downward trend, with prices having reached support around $104,000. From a technical perspective, the Bollinger Bands indicator on the daily chart shows that the price is operating below the middle band, while the bandwidth of the Bollinger Bands is narrowing, indicating a stabilizing direction. The current market direction remains unclear, and investors need to wait for clearer support signal to emerge.
The current support range for Bitcoin is around $103,700 to $103,000, while the target range above is between $104,800 and $105,500.
In terms of Ethereum, the support range is around $2,460-$2,423, while the target price range above is $2,530-$2,570.