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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Analysis: Growing concerns over global conflicts make it difficult for Bitcoin prices to maintain their rise momentum.
According to the Gate News bot, NewsBTC reports that the price of Bitcoin (BTC) has started a new round of pump from the support level of $104,500. BTC has risen above $105,500 and $106,200, entering the bullish zone. The price even broke through the resistance level of $108,000. However, amidst rising global conflict concerns, short positions remain active.
The BTC price has formed a peak at $108,898 and is currently correcting its rise. The price briefly fell below the $108,000 level. The price has broken below the 23.6% Fibonacci retracement level of the upward trend from the low of $104,529 to the high of $108,898.
In addition, on the BTC/USD hourly chart, the price has broken below the bullish trend line at the support level of $107,800. Currently, Bitcoin is trading above $106,800 and the 100-hour simple moving average.
On the upside, direct resistance level is around 107,600 USD. The first key resistance level is around 108,000 USD. The next key resistance level could be 108,800 USD. If the closing price breaks through the 108,800 USD resistance level, it may further push up the price. In this case, the price may pump and test the 110,000 USD resistance level. If it continues to rise, the price may fall towards 112,000 USD.
(Source: Trading View)
If Bitcoin fails to break through the resistance level of $108,000, it may drop again. The current support level is around $106,700, and near the 50% Fibonacci retracement level of the upward trend from the low of $104,529 to the high of $108,898. The first major support level is around $106,200.
The next support level is currently around $105,500. If the price drops further, it may fall towards the support level of $103,500 in the short term. The main support level is at $102,000, and if this support level is broken, BTC may gain bearish momentum.
Source: NewsBTC