🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your
#BTC# #ETH# #GT#
Liquidation Surpasses US$600 Million as Bitcoin Reverts to US$103 Thousand
The crypto market has experienced a liquidation of US$635 million or equivalent to Rp10.4 trillion, after Bitcoin (BTC) reached US$107 thousand, on Monday (19/05) morning.
Interestingly, the losses were predominantly incurred by traders taking long positions, especially on Ethereum (ETH), with total losses reaching US$244 million. Meanwhile, the liquidation amount for Bitcoin itself was only at US$157 million.
Overall, this liquidation was experienced by around 150,794 traders. Long traders were recorded liquidated at US$394 million, while short traders at US$227 million.
The exchange that contributed the largest liquidation is owned by Ben Zhou with US$216 million. Next is CZ with US$161 million, followed by Star Xu with US$85 million.
If you followed the trading live last night, you should be safe with a profit of 2000 to 2500 points.
Congratulations to all of you, keep looking forward to the next opportunities and generate profits.