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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
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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
I watched the alpaca for a total of over 50 hours over 4 days, I really admire it: using funding rate as a cover, during large fluctuations the price difference between spot contracts is huge, the prices between exchanges are all inverted, making it impossible to short against the trend. Think about it, the rate is charged once an hour, and during each major market movement the rate is -2%. The contract price has been continually suppressed, with spot prices being 10-20% higher than contracts. If the spot falls by 20%, the contract only falls by 5-8%, but the rate is deducted by -2% every hour. Even if you enter at the right time, the funding rate basically takes away all your profits from shorting. Now to play this kind of market, you can only rely on logical thinking; ordinary shorting is simply unplayable, and you should try to avoid being killed in a one-sided market. Remember! Goodbye alpaca, hurry up and delist! Watching you trade really makes me want to vomit 🤮.