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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win. - 📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
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Tari is a Rust-based blockchain protocol centered around digital assets.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its - 🎉 Attention Alpha fans! Alpha’s latest TAG airdrop goes live today at 10 AM—first come, first served!
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🥇 Top points winner: $100
✨ 5 outstanding posts: $20 each
📸 Pro tips:
Add a caption like “I earned ____ with Alpha. So worth it”
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📅 Activity deadline: August 10, 18:00 UTC
Let’s go! See you tonight: https://www.gate.com/announcements/article - 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
BTC could dip below $114k as ETF outflow continues
TL;DR
BTC Still in Red as Altcoins Suffer Losses
The cryptocurrency market has been bearish over the last few days, with Bitcoin and other major coins currently in the red. Bitcoin is trading at $114k per coin, down 3.5% over the last seven days and now risks dropping to the $112k low recorded over the weekend.
The bearish performance comes as the U.S. spot Bitcoin ETFs lost millions of dollars for the fourth consecutive day. Data obtained from SoSoValue revealed that 11 ETFs registered a cumulative net outflow of $196 million on Tuesday. Fidelity's FBTC and BlackRock's IBIT accounted for the giant share of the tally.
The losses began on Thursday when the ETFs bled $114.83 million, followed by $812.25 million on Friday and $333.19 million on Monday. The outflow from Bitcoin ETFs saw BTC’s price drop from the $118k mark last week to now trade around $114k per coin.
If the bearish trend continues, BTC could retest the weekend low of $112k. An extended bearish run would see BTC trade below the $110k mark for the first time since June
The poor performance comes as investors are worried about the possibility of stagflation in the United States. Analysts at LondonCryptoClub told investors that tagflation, of course, is the most toxic combination for risk if it prevents the Fed from being able to cut rates to cushion slowing growth.