🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
There was a noteworthy signal regarding the spot premium of BTC over the weekend:
During the process of the price dropping from 106k to 103k, the spot premium has shown a continuous increase, which indicates a sustained demand for spot entry and a large number of futures shorts opening positions, possibly accompanied by the liquidation of futures longs.
This situation is a standard case of spot-futures divergence, thus it indicates a short-term shorting risk!
Since the left interval has indeed been broken, it should be bearish from the perspective of the trend structure. However, the liquidity within the market is attempting to negate this structural breakdown, causing both the price and the premium to rise simultaneously.
Therefore, for the bulls, it is advisable to wait and not go long, but for the bears, one must be careful of being pulled back to a stop loss at 106.6k after shorting...