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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
#BTC#
Bitcoin (BTC) currently appears to be trading sideways ( as of May 6, 2025, at 12:58 Central European Time ). While prices have fluctuated slightly over the past 24 hours, there are no clear trends for an upward or downward movement.
Market price and current data:
* Price: Trading in the range of approximately $93,950 - $94,500.
* Market Cap: Trading in a range of about $1.87 trillion.
* 24-hour trading volume: approximately 22 - 24 billion dollars.
Short-term technological prospects:
When looking at the short-term technical analysis, it seems that Bitcoin is consolidating within a certain range.
* Support levels: Important support levels are being monitored around $93,500 - $94,000. A drop below these levels may increase downward pressure.
* Resistance levels: On the positive side, the range of $95,000 - $95,500 is an important resistance area. A sustained move above this level could trigger bullish momentum.
Market sentiments and influencing factors:
* The overall cryptocurrency market: The direction of Bitcoin is generally influenced by the sentiment of the overall cryptocurrency market. There is currently no apparent excitement or panic in the market.
* Macroeconomic factors: Macroeconomic developments such as inflation data, interest rates, and economic growth forecasts can affect the price of Bitcoin.
* Institutional Interest: The interests and investments of large companies and institutional investors in Bitcoin can significantly impact market trends.
* Regulations: News and developments related to cryptocurrency regulations can also cause market fluctuations.
Summary:
Currently, Bitcoin appears to be in a short-term sideways consolidation phase. The price is moving between certain support and resistance levels. The overall market direction and potential changes in the aforementioned factors will shape the next major trend for Bitcoin. It is important for investors to closely monitor the market and make decisions that align with their risk tolerance level. Please remember that this is just a temporary assessment and the cryptocurrency market is extremely volatile. Best regards.