🔥 Gate Square Event: #PostToWinNIGHT 🔥
Post anything related to NIGHT to join!
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
🥈 Top 4: 100 NIGHT each
🥉 Top 10: 40 NIGHT each
📄 Notes
Content must be original (no plagiarism or repetitive spam)
Winners must complete Gate Square identity verification
Gat
#数字资产生态回暖 BTC Recent Market Trend Observation
Bitcoin has performed quite well in the past 10 hours, rising by 2.65% from $90,032 to $92,418. This momentum is worth paying attention to.
**Points Worth Noticing**
First is regulation — the US Commodity Futures Trading Commission (CFTC) has withdrawn outdated guidelines, which is a positive signal for Bitcoin and the entire crypto ecosystem, potentially leading to a more transparent regulatory environment.
Second, institutional interest is heating up. Fintech giants like Klarna plan to integrate Bitcoin and crypto wallet features, and the "Save the Children" organization has launched a Bitcoin fund. These developments indicate that traditional finance is gradually increasing its acceptance of Bitcoin.
Liquidity also provides support. The Federal Reserve cut interest rates and injected $13.5 billion into the banking system, some of which may flow into risk assets like Bitcoin, offering market support.
**But Don’t Get Too Optimistic**
Macroeconomic uncertainties still exist. The Fed's statements on the pace of rate cuts remain somewhat vague, and market sentiment is cautious, which could limit the enthusiasm for chasing $BTC.
Additionally, many see Bitcoin now as an over-crowded trading position. The stories around ETFs and halving have become somewhat outdated. Without new practical use cases driving demand, institutional capital's future attractiveness might be limited.
Another detail — short-term Bitcoin holders are currently in a loss position. Historically, once prices rebound, they tend to sell to cut losses, which could add downward pressure to the upward trend.
**Overall Atmosphere**
Community sentiment is quite divided. Most feel the market rhythm is somewhat unpredictable. While some are optimistic about Bitcoin’s strong comeback, the overall mood remains cautious.
The movements of $ETH and $BTC other mainstream coins are worth continuous monitoring.