Search results for Gate.io
Crypto
480,000 ether leaves exchanges, market focus shifts to $1,500
Ether futures open interest fell 25 percent over the past month, bringing $1,500 into focus as a key support level. Exchange-held ether also dropped by about 480,000 ETH in recent days, suggesting leverage is being reduced while spot supply tightens. Analysts pointed to sharp declines in open interest at Gate.io and a similar move at Bybit, while Binance held steadier even as funding rates turned negative.
Crypto
Bitcoin bullish pattern faces bear market strain; first test is holding $74,000
Bitcoin has formed a long-term cup-and-handle pattern on the weekly chart, with a mid- to long-term target of at least $220,000. The scenario depends on holding the $74,000 support area after a neckline retest. Analysts also flag weak trading volume as a headwind, with spot volumes dropping to levels seen in bear markets. Market participants are also watching spot bitcoin ETF fund flows alongside volume and key support.
Crypto
Mystery wallet moves 6.3 million XRP out of Upbit, then splits funds
About 6.3 million XRP moved in a large transfer from Upbit to a single wallet and was then dispersed to multiple exchange addresses, prompting speculation over the funds\' destination. The transfer was worth about $8.8 million at the time, and the receiving address was labeled unidentified. Subsequent on-chain flows show transfers to addresses linked to major exchanges including Binance and Bybit, suggesting the wallet may have served as an intermediary rather than long-term storage.
