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Options
Hot
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Maximize your capital efficiency
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Learn the basics of futures trading
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Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
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GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
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Launch
CandyDrop
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Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
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Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
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10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
The crypto market is currently undergoing a deep bear market. Bitcoin is retracing more than 50% from its historical peak, with market funds continuing to flow out. Tightening macro policy and a leverage cascade (forced deleveraging) have become the core factors weighing on prices.
Bitcoin’s price has fallen by more than 53% from the $126,000 high, briefly dipping to $62,200 in the early hours of June 19, and it is now trading in a range of $64,000–$65,000.
Funds are continuing to flow out. Bitcoin ETFs have recorded net outflows of $4.2 billion within three weeks, and both retail and institutional investors are generally staying on the sidelines.