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#Gate13 #Gate13 Gate
2013 was a gift of time and a testament to effort. From obscurity to a leading global exchange, this ship has sailed through storms, carrying countless people's crypto dreams.
No matter how big the waves in the crypto ocean, Gate is still here. For traders, the warmest words are not "I love you," but "Can I withdraw my coins?"
May the next 13 years continue to witness the bull market together.

Put/Call Ratio 0.7 One-sided bullish; bears are pinned on the biggest pain point of $69,000. IV drops to 40%, indicating volatility is narrowing—this is a prelude to a big move: either a sudden surge or a waterfall.
Technically, it’s more bullish, but on the macro front it’s tied up with the Middle East “bomb.” Whether B72,000 can hold steady depends on the outcome of today’s US-Iran talks. The safest approach is to break above 75,000 and then confirm the trend; if it breaks below 65,000, then look for bearish momentum. As long as the Middle East doesn’t keep fighting, 75,000 isn’t a dream
$BT

Put/Call Ratio 0.7 One-sided bullish, bears are pinned at the $69,000 major pain point. IV drops to 40%, indicating volatility is narrowing, which is a prelude to a big move—either a sharp surge or a waterfall decline.
Technically leaning bullish, but the macro environment is tied to the Middle East bomb. Whether B72,000 can hold steady depends on today’s US-Iran negotiations. A prudent approach is to confirm the trend with a breakout above 75,000, and consider bearish if it falls below 65,000. As long as the Middle East doesn’t escalate further, 75,000 is not a dream.

On the first day of the temporary ceasefire taking effect, the Israeli forces bombed even harder than before, and Iran simply shut the door—now the Strait of Hormuz still won’t let ships through. This playbook is exactly the same as last Monday: ceasefire news → oil prices fall → crypto rises → turn around and keep fighting → oil prices rise → crypto falls. The capital markets have already been trained to react reflexively, but this time Iran says, “the negotiating foundation has been destroyed,” and whether the meeting on the 11th can even take place is a question. It’s not so easy to untie t

Bitmine is going public on the New York Stock Exchange. The company holds 3.3 million ETH for staking. A staking company ringing the opening bell at NYSE is a first in the crypto circle.
In the past, project teams managed their own market capitalization to harvest profits; now, mainstream institutions are entering the scene. Bitmine's annual staking returns can reach 20-30%, which for traditional capital is a—digital asset wealth management channel that is compliant.
When is the clearest signal to enter? When project teams do not go public and institutions do not enter. Now that institutions a

Morgan Stanley just launched a BTC ETF with an annual fee of 0.14%, which is even lower than BlackRock’s 0.25%. A century-old investment bank entering the crypto space at the coldest time, with the lowest fee rate—this is clearly a move to bottom-fish. Issuing ETFs in a bull market is just icing on the cake; issuing them in a bear market is what you call value investing. Look at the timing it picked—US-Iran ceasefire, BTC breaking 72,000—the narrative and the product line up. The crypto world isn’t short of stories; what it lacks are institutions and money. Since investment banks are here, whe

Iran is negotiating a 10-point deal, while the U.S. offers 15 points, and the gap is too large to reach an agreement. Trump is shaking hands and throwing punches at the same time, and the market has been played again.
Last week, talks were ongoing and oil prices fell, giving Bitcoin a breather; today, they say the fighting continues and oil prices have risen back to $113, and Bitcoin has dropped 1.62%. The capital markets buy into this — a conflict in the Middle East causes prices to drop, calls for peace cause prices to rise, and whether it's good news or bad news, it's all just market noise

Over the weekend, Iran and Oman stepped in to mediate, causing crude oil to retreat and the market to take a breather. But don’t celebrate too early—ETH ETFs have experienced net outflows for five consecutive months, and SOL’s Fear Index has remained below 12 for 47 days straight, marking the longest extreme fear period since 2022. Meanwhile, Q1 on-chain transaction volume hit a new high of 1.01 billion transactions, yet the on-chain activity remained lively while prices did not rise, which is quite unusual.

Drift Protocol was hacked for $285 million, marking the second $1 billion+ hack in the Solana ecosystem this year. The attacker exploited a contract vulnerability and transferred all assets within 5 hours. DeFi security really needs to be tightened.

In March, non-farm payrolls increased by 178k, far exceeding the expected 60k, which was bearish for crypto but the market did not decline. BTC is fluctuating between 65,000 and 70,000, waiting for a direction. Multiple factors such as Middle East conflicts, Powell's departure, and low liquidity are causing market hesitation. Holding above 65,000 could lead to a rebound; a break below may result in a step down.
‍#Gate广场四月发帖挑战 $ETH $ETH

SOL has been declining for 6 consecutive months, the only one in the crypto space.
But
DEX trading volume has topped all L1+L2 chains for 7 consecutive months
Stablecoin trading volume hit a new high of 65 billion in February
Yet the price has fallen to unrecognizable levels
The fundamentals haven't collapsed; only the short-term is being hammered.
This kind of decline is either hell or heaven.

Google Quantum AI team released a white paper stating that the quantum computing resources needed to crack Bitcoin's encryption algorithms are less than previously estimated. Someone directly used the term "existential crisis." It won't affect prices in the short term, but in the long run, Bitcoin will inevitably need to undergo quantum resistance upgrades, which is an engineering-level challenge.

BTC was still hovering above 68,500 last night when a speech by Trump directly caused a sharp drop. He said, "In the next two to three weeks, there will be an extremely intense strike on Iran," with no ceasefire timetable and no hope for a quick cooling of the market. BTC fell from 68,563 down to 67,248, ETH dropped from 2,158 to 2,096, and Japanese and Korean stock markets also plunged—KOSPI in Korea fell 3.3%, and the Nikkei dropped 1.1%. Previously, bullish investors betting on a de-escalation were served a cold splash of reality.