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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
SHIB market analysis: Long positions defend the 0.000012 USD support level, aiming to achieve a double bottom pattern.
Gate News bot news, according to IntoTheBlock data, the in-the-money and out-of-the-money price (IOMAP) indicator supports the technical structure of Shiba Inu (SHIB), with 0.000012 USD as the main support level—because 30,000 addresses purchased over 150 trillion SHIB at this price.
Considering that most of the profitable SHIB holders bought in at this price level, traders may view this as the best buying price. Therefore, as SHIB approaches this support level, buying activity may surge.
At the same time, there is a very strong resistance level at $0.000013, where over 22,000 traders have bought more than 190 trillion SHIB at this level. To achieve a double bottom breakout to $0.000017, the SHIB price needs to break through this key resistance level.
In summary, SHIB is at a turning point, with bulls defending the key support level of $0.000012. If this support level is maintained and SHIB breaks through the resistance level of $0.0000136, its price may advance towards $0.000017, ultimately achieving the target of a double bottom formation.
Note: The double bottom pattern is a chart pattern used in technical analysis to indicate a potential reversal in asset prices. This pattern is widely popular among traders for predicting bullish price reversals.
Source: CoinGape