📢 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
Institutional Demand in Bitcoin Is Increasing Relentlessly: It Has Reached a 19-Month Peak!
Institutional investors' Bitcoin holdings reached their highest level since July 2022.
Data from on-chain analytics platform CryptoQuant revealed the growing demand from institutional investors. The number of holdings in wallets holding between 1,000 and 10,000 Bitcoin has seen the highest level since July 2022.
The increase in this range, which mostly represents long-term investors, was interpreted as a clear bull market indicator. In the past bull cycles, increases in the amount of Bitcoin by institutional whales were among the factors that carried the price upwards.
These investors tend to hold onto their assets for more than 6 months and often don't sell even if the price falls below their buying point.
At the level in July 2022, these whales sold and the price of Bitcoin exhibited serious declines as market conditions remained negative. The amount of Bitcoin held by institutions peaked in June 2021, and just a few months later, the price of Bitcoin began to decline after peaking.
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