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ZEC $260.31 -8.86%
BTC $72,857.03 +6.95%
ETH $2,129.73 +7.61%
BNB $658.52 +4.13%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $461.72 +4.13%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

riva

Bitfinex: Bitcoin shows recovery signals after five consecutive bearish candles, with healthy expansion of derivatives indicating a phase of recovery

Bitfinex reports that Bitcoin has experienced a consecutive five-month decline since 2025, marking the first occurrence of a "five consecutive down" structure since 2018, with a monthly drop of 14.93% in February and a maximum cumulative drawdown of approximately 52.34%. However, early signs of market recovery have emerged in March.Data shows that since March 1, approximately $3.2 billion in BTC has been systematically purchased at market price across exchanges, successfully reclaiming the $65,000 level; the Coinbase premium index has ended its continuous 40-day negative value and turned positive, indicating a return of U.S. spot buying. The derivatives structure also remains relatively healthy: open interest has risen to $53.1 billion, a 15.4% increase from Sunday’s close, but the perpetual funding rate is only about 9.5% APR, showing no signs of overheating. Open interest and spot have expanded in sync, reflecting that this round of increase is more driven by spot absorption.Regarding ETFs, the U.S. spot Bitcoin ETF recorded approximately $1.1 billion in net inflows last week, with a total of over $450 million on Monday and Tuesday, indicating that institutional demand remains a core support. Analysts believe that if key support holds, Bitcoin may recover to the $80,000-$85,000 range in the next 1-3 months; in the short term, attention should be paid to the $72,000-$74,000 area of concentrated short liquidations and the potential dynamic support at $66,000. The overall judgment remains cautiously bullish.

Gate's spot market share remains in the top three globally, and its derivatives rank fourth in the industry

According to the latest exchange evaluation report released by CoinDesk, Gate ranked third in the global centralized exchange spot market share in January this year, and fourth in the derivatives market share. Data shows that Gate's spot trading volume reached $74.4 billion that month, with a month-on-month growth of 11.1%. Among AA--A rated exchanges, Gate ranks in the top three by spot trading volume, accounting for approximately 50.2% of the total trading volume when combined with leading platforms.In terms of derivatives, Gate's trading volume market share is 11.2%. The platform ranks among the top three retail exchanges in terms of open contract size, with a share of 10.1%, demonstrating its sustained activity and capital capacity in the market.Additionally, Gate's cumulative TradFi trading volume has surpassed $70 billion, with a single-day peak exceeding $10 billion. The platform has officially ended its public testing phase and launched a web version, achieving full coverage across multiple terminals. Users can trade global contracts for difference (covering foreign exchange, stocks, and precious metals) using USDT as margin under a unified account system, and access the MT5 execution system for unified margin management across asset classes.At the same time, Gate has officially launched GateAI and introduced natural language trading features, supporting the completion of spot and wealth management order operations through conversational commands, further streamlining the AI analysis and multi-terminal trading execution process.
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