📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Sentora: About 95% of Bitcoin addresses are in profit, the range of $116,000 to $119,000 may become resistance.
PANews August 7 news, according to on-chain data analysis from Sentora (formerly IntoTheBlock), Bitcoin's recent volatility has remained around 20%, showing a long-term downward trend, with no signs of compression in the short term, and the market is overall in a range-bound state. At the same time, the correlation between Bitcoin and traditional financial markets is gradually increasing, especially the correlation with the S&P 500, which suggests that Bitcoin's sensitivity to macroeconomic conditions may be increasing. In terms of on-chain costs, currently about 95% of Bitcoin addresses are in a profitable state, but this has decreased compared to the historical high of $121,000 reached in July. Data shows that many holders purchased Bitcoin in the range of $116,000 to $119,000 and are in a loss position; this price range may become a significant resistance for future increases.