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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
Odaily Planet Daily News CoinGlass data shows that as of the time of publication, $58,018 is the level at which BTC attracts the most liquidity, and its price is eroding the buying support level below $57,000.
In addition, from July 4th to 5th, the total amount of BTC longs that got liquidated exceeded $220 million. After the weekend, some shorts positions were closed when BTC reached a local high of $58,500, as noted by trader Daan Crypto Trades.
Some analysts also see encouraging signals from the relative strength index (RSI) of BTC in the daily time frame, including bullish divergences. Analyst Wolf wrote in a post: 'My initial bearish target was $52,000, but it seems that the bulls may be one step ahead of me. The daily RSI indicator shows a clear bullish divergence, and the expanding wedge pattern further increases investors' interest.' (Cointelegraph)