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
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
3.8%
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
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.
#夏日创作营 July 20 Bitcoin price action shrouded in gloom!
On the crypto market:
1. On July 19, GSR research head posted that crypto spot trading volumes remain sluggish. The charts show the 7-day moving average has fallen to $21.4 billion, down nearly 80% from the $104.3 billion peak in October 2025.
2. On July 19, according to monitoring, multiple whales are going long on ETH. Two newly created wallets sold 72 BTC (worth $4.66 million), then opened a 20x long position, buying 12k ETH at an average price of 1866.
3. Whale address 0x66f8 continues to go long on BTC. Current holdings are 1,660 BTC, average price 64674, with a liquidation price of $631.23 thousand.
4. According to monitoring, an address 0xb83 deposited $3 million USDC into Hyperliquid, and increased a short position of 796.4 BTC at an average price of 64665 and a short position of 31.6 thousand ETH at an average price of 1873. The values are approximately $51.5 million and $59.2 million, respectively.
In the market:
1. Iranian Fars News Agency: A source in the Navy of Iran’s Islamic Revolutionary Guard Corps said that currently no vessels are passing through the Strait of Hormuz, and any attempt to cross the strait will be met with action by Iran. Iran will not grant passage permission to any vessel.
2. President Trump: Iran cannot have nuclear weapons; he is completely unconcerned about Iran’s suspension of the interim agreement.
3. U.S. Federal Reserve Chair Jerome Powell, as he said last Sunday: The Fed needs to raise interest rates to curb inflation.
4. Institutional statistics of data from the New York Stock Exchange and FINRA found that U.S. margin guarantee debt has risen to about 4.5% of the country’s gross domestic product (GDP), setting a record high, surpassing every previous peak before the 2000 internet bubble burst, the 2008 financial crisis, and the market highs in 2021.
Overall, macro market tensions in the Middle East have risen to a new height, while financial risks are also intensifying. Against this backdrop, buy-side actions need to be cautious, and shorting on rallies is more suitable!
BTC daily timeframe: After the narrow adjustment over the weekend, price has achieved further balance between bulls and bears in technical indicators. The 5- and 10-day moving averages are sticking together, and MACD and KDJ are sticking together and running! The market is full of variables at this point. During the price move from $57k to the $62k–$65k range, a new wave of supply is flowing into the hands of new buyers. This is a double-edged sword structure. On the other hand, buyers are actively buying on dips, forming a potential cost base that may support further testing of $66k and above. On the other hand, most of the buying is concentrated at the tail end of this local upmove; if the price cannot effectively break above $66k, there is a risk of forming a local top. The $66k level is the key point that distinguishes these two scenarios in the short term. Overall, short positions need to be well-defended, and buy actions are safer when they occur near support!
For upside: preliminary resistance to watch near the $66k round-number level; further resistance to watch near the 6/16 high around 67253!
For downside: preliminary support to watch near the 30-day moving average around 62601; further support to watch near the $60k round-number level!
For downside: preliminary support to watch near the 30-day moving average around 62601; further support to watch near the $60k round-number level!
Crypto market:
1、On July 19, GSR research director posted that crypto spot trading volumes have continued to remain sluggish. Charts show that the 7-day average has fallen to $21.4 billion, down nearly 80% from the peak of $104.3 billion in October 2025.
2、On July 19, according to monitoring, multiple large whales are going long ETH. Two newly created wallets sold 72 BTC (worth $4.66 million), and then established a 20x long position, buying 12,000 ETH at an average price of 1,866.
3、Whale address 0x66f8 continues to go long BTC; it currently holds 1,660 BTC, with an average price of 64,674 and a liquidation price of $63.123k.
4、According to monitoring, an address 0xb83 deposited 3 million USDC to Hyperliquid and increased 796.4 BTC shorts (average price 64,665) and 31.6k ETH shorts (average price 1,873), worth approximately $51.5 million and $59.2 million respectively.
Market:
1、Iran Fars News Agency: A source from the Iranian Islamic Revolutionary Guard Corps Navy said that currently no vessels are passing through the Strait of Hormuz, and any attempt to cross the strait will be met with action by Iran; Iran will not issue passage permits to any vessel.
2、President Trump: Iran cannot have nuclear weapons, and he is completely unconcerned about Iran pausing its obligations under the interim agreement.
3、As stated by Cleveland Fed Chairman Hammack last Sunday, the Federal Reserve needs to raise interest rates to curb inflation.
4、Institutional statistics using NYSE and FINRA data found that the size of U.S. financing margin debt has risen to about 4.5% of GDP, setting a historical record and surpassing all previous peaks before the bursting of the 2000 internet bubble, the 2008 financial crisis, and the market high point in 2021.
Overall, geopolitical tensions in the Middle East within the macro market are rising to a new height, while financial risks are also increasing. Against this backdrop, buy-side actions need to be cautious—shorting on rallies is more suitable!
BTC daily timeframe: After the narrow adjustment over last weekend, the price has further reached balance between longs and shorts in terms of technical indicators. The 5 and 10-day moving averages are sticking; MACD and KDJ are sticking and running! The market at this point is full of variables. During the period when the price rose from $57,000 to the $62,000–$65,000 range, a new wave of supply is flowing into the hands of new buyers. This is a double-edged structure. On the one hand, buyers are actively buying at higher levels, forming a potential cost base that may support further testing of $66,000 and above. On the other hand, most of the buying is concentrated toward the tail end of this local up-move; if the price cannot effectively break above $66,000, there is a risk of forming a local top. The $66,000 level is the key point that distinguishes these two scenarios in the short term. Overall, short-selling operations need to be well-defended; buy-side actions are safer when near support levels!
Upside: Initial resistance to watch is around the 66,000 round-number level; further resistance to watch is around the June 16 high of 67,253!
Downside: Initial support to watch is around the 30-day moving average at 62,601; further support to watch is around the 60,000 round-number level!
Downside: Initial support to watch is around the 30-day moving average at 62,601; further support to watch is around the 60,000 round-number level!