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
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
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.
$BTC $ETH
In the past 24 hours, $2.5 billion in liquidations, longs were bloodbathed, and funds are rapidly fleeing to safe-haven yield zones.
After Bitcoin fell below $63k, the crypto market experienced the most intense leverage liquidation since this correction began. In the past 24 hours, the entire network saw $63k in liquidations, with $2.54B from long positions, accounting for 94%;
ETH liquidations totaled $2.4B, BTC liquidations $774 million. The Fear & Greed Index (FGI) also dropped to 17, entering extreme fear territory.
Meanwhile, Bitcoin spot ETFs have been net outflows for six consecutive weeks, with a total monthly outflow of $6.4 billion, setting a record. Mainstream cryptocurrencies generally experienced capital withdrawals, with BTC, ETH, SOL, and DOGE all showing significant net outflows.
You might be wondering, why hasn't the market dropped sharply, but the liquidation amounts are so large?
Indeed, the market still has consensus: easing US-Iran tensions, rate hike expectations coming true, Bitcoin breaking below $60K and rebounding to $64K, with some believing that the false break below $60K will lead to a rebound.
At the same time, large whale ETH purchases over the past few days and ETH spot buy orders have boosted the market, making BTC temporarily stronger. Ultimately, during the early-week correction, ETH's liquidation amount did not disappoint, recording the largest liquidation.
The market is currently in a downtrend, but there is a false signal of support at the $60K level. Whether to chase short positions on the right side or to lay long positions on the left side is quite confusing.
From the small rebound trend starting at $59K, it has not yet fully invalidated. Small-scale movements are driving larger trends. I still find it more reasonable to go long here; if it effectively breaks below $61,800, I will continue to watch for $60K.
Overall, the market is in a consolidation phase. Currently, it is believed to be a bottom trap, so patience is needed before making decisions. Stay in cash during the panic.