Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
#Gate广场五月交易分享 Short-term selling pressure cleared, market structure healthier
CryptoQuant’s latest analysis has delivered positive signals: the loss pressure on short-term holders has fallen to 0% for the 5th consecutive day, down sharply from 22% at the end of March. This suggests that as Bitcoin has returned above $80,000, the short-term holders who were deeply underwater during April have fully exited their positions and are no longer facing passive selling pressure.
More importantly, the proportion of short-term holders has dropped to 22.2%, reaching a new 90-day low. This means that the market’s “hot chips” (short-term speculative funds) have significantly decreased, speculative sentiment has cooled, and the share of long-term holders has increased—making the market structure healthier. CryptoQuant specifically reminds that the key support level to focus on right now is $78,000-$79,000. This is the bulls’ important line of defense. If this range can be held, the market is expected to continue its sideways and stabilizing trend. If it breaks, it could trigger another round of pullback, with support potentially testing the area around $77,000.
Based on recent price action, Bitcoin’s lowest level in the past 24 hours reached $79,843.59—just one step away from this support zone. The effectiveness of this support level will be crucial for subsequent trends.
CryptoQuant's latest analysis shows positive signals: short-term holders' loss pressure has decreased to 0% for the fifth consecutive day, a significant drop from 22% at the end of March, indicating that as Bitcoin reclaims above $80k, those deeply underwater short-term holders from April have fully unwound their positions and are no longer facing passive selling pressure.
More importantly, the proportion of short-term holders has fallen to 22.2%, hitting a 90-day low, which means the "hot capital" (short-term speculative funds) in the market has significantly decreased, speculative sentiment has cooled, and the proportion of long-term holders has increased, making the market structure more healthy. CryptoQuant specifically reminds that the current key support level to watch is $78,000-$79,000 — this is an important defensive line for the bulls. If this range can be maintained, the market is likely to continue its oscillation and stabilization; once broken, it may trigger a new round of correction, with support near $77,000.
Considering recent movements, Bitcoin's 24-hour low touched $79,843.59, just one step away from this support zone, and the effectiveness of this support level will be crucial for subsequent trends.