Scan to download
BTC $70,671.10 +2.50%
ETH $2,085.78 +1.59%
BNB $638.55 +2.93%
XRP $1.60 +13.13%
SOL $89.89 +5.93%
TRX $0.2817 -0.34%
DOGE $0.1155 +19.66%
ADA $0.2990 +8.56%
BCH $562.87 +0.33%
LINK $9.17 +3.88%
HYPE $31.38 -0.85%
AAVE $130.68 +6.12%
SUI $1.03 +7.99%
XLM $0.1802 +8.26%
ZEC $313.83 +9.93%
BTC $70,671.10 +2.50%
ETH $2,085.78 +1.59%
BNB $638.55 +2.93%
XRP $1.60 +13.13%
SOL $89.89 +5.93%
TRX $0.2817 -0.34%
DOGE $0.1155 +19.66%
ADA $0.2990 +8.56%
BCH $562.87 +0.33%
LINK $9.17 +3.88%
HYPE $31.38 -0.85%
AAVE $130.68 +6.12%
SUI $1.03 +7.99%
XLM $0.1802 +8.26%
ZEC $313.83 +9.93%

aci

Gate launches the 2026 Spring Festival celebration, with a million red envelope rain to celebrate the New Year, and a horse racing betting share of 100,000 USDT

According to official news, Gate will launch the "Gate 2026 Spring Festival Celebration" from February 9, 20:00 to March 1, 20:00 (UTC+8). During the event, users can participate in a million red envelope rain and horse racing guessing carnival activities to win GT red envelopes and USDT rewards, sharing the New Year's good fortune.This event includes two major activities:Million Red Envelope Rain Activity: During the event, from 12:00 to 15:00 and 16:00 to 19:00 (UTC+8) each day, users can enter the event page and input the red envelope password announced by the official to participate in grabbing red envelopes, sharing a total of 1,000 GT red envelopes; an additional 200 GT luck red envelopes will be given out at 0:00 on February 17 (New Year's Eve). New users who register through exclusive links from partners or agents can also unlock co-branded new user red envelope benefits.Spring Racing Grand Prix: Users can sign up and complete designated tasks to receive racing tickets, which can be used to guess the racing results of six cryptocurrency pairs: BTC, ETH, GT, XAU, SOL, and DOGE. During the event, a round of horse racing will be held every 2 days, with a single round unlocking a maximum prize pool of 10,000 USDT, and the total prize pool for the event reaching up to 100,000 USDT. The racing results will be determined by a combination of random mechanisms and market performance, and users can share the corresponding prize pool based on the number of racing tickets they invest, according to the ranking of the winning horses.In addition, the event also sets up the "Immediate Success Leaderboard," where the top 50 users can additionally share 5,000 USDT and have the chance to receive Gate Spring Festival gift cards and 100g gold rewards.

Bloomberg: The average purchase cost for Bitcoin ETF investors is approximately $84,100, currently facing a loss of about 8% to 9%

According to Bloomberg, the core issue of this "slow" sell-off of Bitcoin is that the group of investors who were originally highly anticipated to become the most stable buyers in this new round did not continue to enter the market. Glassnode data shows that investors entering through the U.S. spot Bitcoin ETF have an average purchase cost of about $84,100. With Bitcoin currently hovering around $78,500, this group is facing an unrealized loss of about 8% to 9%.This is not the first time ETF investors have found themselves in a loss. As early as last November, when Bitcoin briefly fell below $89,600 (which was the average cost range for ETF investors at the time), analysts pointed out that this would be a key test of the "conviction strength" of new mainstream investors. Subsequently, as capital inflows at the beginning of 2024 remained profitable, the overall average cost of the ETF decreased, but the funds that entered later have all fallen into losses. From the peak decline, Bitcoin has dropped over 35% from its 2025 high and briefly fell below $77,000 in a low liquidity trading environment over the weekend.Analysts believe this is the result of multiple factors: exhaustion of capital inflows, declining market liquidity, and an overall weakening of macro attractiveness. Bitcoin's failure to respond to traditional bullish factors such as a weakening dollar or geopolitical risks, along with its "decoupling" from other assets, has made its trend increasingly lack direction. The biggest difference between the sharp drop in October and the current downturn is market sentiment: there is no panic now, only "absence."The rally that pushed Bitcoin above $125,000 in 2025 was driven by the market's heightened excitement over regulatory prospects, institutional entry, and a bullish retail base. However, since the October crash liquidated billions of dollars in leveraged positions, it is these buyers who once drove the market who have chosen to remain inactive and temporarily step back to observe.

Analysis: Bitcoin is once again facing resistance at $90,000, with a key resistance level at $93,000

According to Cointelegraph, Bitcoin's rebound before the Federal Reserve's interest rate meeting was hindered around $90,000, with the price returning to oscillate in the $86,000--$90,000 range. Market analysis suggests that the real bullish turning point hinges on whether $93,000 can be reclaimed and turned into support.From a technical perspective, Bitcoin's current main resistance levels are located between the 50-day moving average (around $90,000) and the 100-day moving average (around $94,000). Analysts point out that if it effectively breaks through and stabilizes above $93,000, the upside potential is expected to open up, with a target possibly pointing towards $98,000, signaling the end of the adjustment phase.On the funding side, the large-scale outflow of Bitcoin spot ETFs is showing a clear cooling trend. Glassnode data indicates that the 30-day average ETF net flow has gradually returned to neutral, suggesting that institutional selling pressure is easing. However, the market currently still relies more on support from spot holders rather than new institutional funds.Capriole data shows that corporate-level Bitcoin buying has significantly decreased, with almost only Strategy (formerly MicroStrategy) continuing to accumulate. Last week, Strategy increased its holdings by approximately $264 million, acquiring 2,932 BTC.In summary, the key for Bitcoin to break through the resistance above $90,000 in the short term still depends on the recovery of institutional demand and the ETF funds turning back to net inflows. Before that, the market may continue to maintain a range-bound oscillation.
app_icon
ChainCatcher Building the Web3 world with innovations.