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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
Bitcoin (BTC) made a bombastic start to the new week!
Bitcoin has risen above 62 thousand dollars, and analysts say that the period of BTC sales in Germany coming to an end and the almost pricing of Mt. Gox payments may be behind us.
Bitcoin (BTC), according to TradingView data, has risen by 5.2 percent in the last 24 hours, bouncing from a two-month low level at $53,500 on July 4th and currently trading at $62,550.
Ben Simpson, founder of the crypto education platform Collective Shift, stated to Cointelegraph that he believes the "local bottom point" of Bitcoin has now formed and that he believes BTC is now moving towards an upward trend.
Crypto analysts are optimistic about the course of Bitcoin (BTC)
Simpson said that the Bitcoin price was hit by forced sales. The majority of this blow came from the German government's sale of approximately $3 billion and the repayment of approximately $8.5 billion by Mt. Gox creditors.
When Bitcoin fluctuated at $59,000 on July 12th, the Crypto Fear and Greed Index dropped to its lowest level in 18 months; Simpson said it contradicted the fundamental factors of the market environment.
Simpson said that Bitcoin is looking at several important catalysts that will drive its price higher in the coming weeks and months.
According to the Coinglass data quoted in the article sent by Apollo sats founder Thomas Fahrer on July 15th, with Bitcoin surpassing $62,000, a little over $360 million leveraged short positions were liquidated in Bitcoin.
Similarly, eToro market analyst Josh Gilbert, in his statement to Cointelegraph, said that the worst period in Bitcoin's price may be behind us, and that Trump's increasing chances of winning the upcoming elections could be the key driver of positive price movements in the coming months.
This article does not contain investment advice or recommendation. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.