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Gate Square New & Returning Creator Rewards are ongoing!
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#BTC在10月份能否突破历史新高？ In the past five months, the price of BTC has fluctuated between $71,000 and $49,000, indicating that many new investors who bought at a high price are underwater.
According to Glassnode's new investor confidence indicator for trends, short-term holders have shown confidence and deviated from their previous pattern of often panic in bearish trends;
The reason behind this change in sentiment is that this group has suffered relatively low losses. There has been an increase in activity in the BTC futures market. Since BTC broke through $60,000 on September 17th, interest rate has soared, and it is mainly positive interest rate.
This means that the long positions traders betting on further pump in prices have outnumbered the shorts. These traders are willing to pay a premium to maintain their long positions, indicating bullish sentiment ;#币圈观察员