💥 Gate Square Event: #PTB Creative Contest# 💥
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CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
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📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
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🥇 1st
The yuan psychological level is under pressure, and employment data may trigger market fluctuations. [Block Rhythm] On September 1, Vincent Liu, Chief Information Officer of a trading platform, stated that inflation data has exacerbated bearish market sentiment, which initially emerged after a series of large-scale Bitcoin whale dumping triggered leveraged position liquidations. Vincent Liu believes, "The key psychological support level for Bitcoin is at $100,000, and leveraged positions are under pressure, highlighting its fragile liquidity." He also added that the key support level for Ether is at $4,000. "If these support levels are breached, it could trigger a deeper decline and broader liquidity tightening, but a true bear market requires a more sustained drop." Regarding this week's US Non-farm Payrolls (NFP), Vincent Liu stated, "A significant surprise in employment growth could trigger severe market fluctuations—strong data may put pressure on crypto assets as risk appetite declines, while weaker-than-expected data could boost demand."