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Gate Square New & Returning Creator Rewards are ongoing!
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#BTC在10月份能否突破历史新高？ In the past five months, the price of BTC has fluctuated between $71,000 and $49,000, which indicates that many new investors who bought at high prices are underwater.
According to Glassnode's new investor confidence index for trends, short-term holders have shown confidence and deviated from their previous pattern of panic in bearish trends;
The reason behind this emotional shift is that this group has suffered relatively low losses. There has been an increase in activity in the BTC futures market. Since BTC broke $60,000 on September 17, funds have surged, mainly positive in Interest Rate terms.
This means that the long traders who bet on further pump in prices have outnumbered the shorts. These traders are willing to pay a premium to maintain their long positions, indicating bullish sentiment ;#币圈观察员