📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Bitcoin fluctuated in the zone $100,000–$110,000 for 7 weeks.
A report on June 26 from Glassnode indicated that Bitcoin (BTC) has maintained within the price zone of $100,000 to $110,000 for seven consecutive weeks due to slowing realized profits, cooling on-chain transfer volume, and cautious sentiment in the derivatives market.
The total realized profit in the 2023–2025 cycle has reached $650 billion, surpassing the entire 2020–2022 cycle. However, the circulating capital is slowing down, as on-chain transfer volume has fallen 32% from the end of May to $52 billion, while spot trading volume has only reached $7.7 billion.
The cost basis heatmap shows a dense accumulation zone from $93,000 to $100,000, considered a structural support zone. BTC fell below $99,000 last weekend but quickly recovered as geopolitical tensions eased.
Meanwhile, the derivatives market recorded liquidations of up to $28.6 million in long positions and $25.2 million in short positions, resulting in open interest falling by 7% to 334,000 BTC. The funding rate and the price difference of the 3-month futures contracts continued to decline, reflecting a cautious sentiment.
Glassnode concludes that the price of Bitcoin may continue to move sideways within the range of $10,000 until there is a significant increase in demand, activity, and market confidence.