New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
#CryptoCrashAlert 🚨
On October 17, the crypto market plunged again — Bitcoin dropped below $106K, Ethereum fell under $3,800, and SOL sank below $180, wiping out over $12B in market value in just one day! This comes barely a week after the “Black Friday” crash on October 10, when a record $19.2B was liquidated.
💣 The Real Cause
Analysts reveal the fall wasn’t triggered by ETF investors but insiders quietly exiting, with $536M net outflow from Bitcoin spot ETFs on October 16.
⚠️ Leverage The Silent Killer
Excessive leverage trading turned minor drops into massive liquidations. Once prices dip, the domino effect of “drop → liquidation → sell-off → further decline” begins exactly what we saw this week.
📉 Market History Repeats
From Trump’s tariff threat on Oct 10 to credit market fears now, every crash followed investor over-optimism. Remember crypto rewards patience, not greed.
🔍 What’s Next?
Key BTC support: $107K a break below could mean deeper correction.
Long-term optimism remains: Deutsche Bank sees Bitcoin as a future reserve asset, and Bitwise predicts it could reach $1.3M by 2035.
💡 Pro Tips for Survival
Avoid high leverage (5x+) most liquidations happen here.
Track ETF flows and Fed policy for early risk signs.
Diversify never put all funds into one basket.
In crypto, it’s not about who profits fastest it’s about who survives longest. 🌪️