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
Glassnode Co-founder: Bitcoin’s bottoming range has become clear; the bottom is most likely between $46,000 and $54,000.
Rafael further noted that market bottoms cannot be confirmed in advance, only potential bottom signals can be defined through probabilistic ranges and key price levels. Bitcoin has first fallen below the breakeven line for median holders (for the first time since December 2022), currently located in a broader support zone: the median realized price is about $64.1k, and the 200-week moving average price is about $61.7k.
The high-probability bottom range at this stage may be between $46,000 and $54k, while the rare "selling tail" below this range at $35,000–$40k. It is worth noting that the cycle correction amplitude is gradually decreasing: previous lows declined by approximately 85%, 84%, and 77%, while this round has only fallen about 50%, indicating that the high-probability bottom is more likely to be in the upper part of the range, but extreme sell-offs cannot be ruled out.