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Futures
Hundreds of contracts settled in USDT or BTC
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HOT
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Pledge one crypto to borrow another
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芝麻开门
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Blocky- Pin
- 🚀 Gate Fun Chinese Meme Fever Keeps Rising!
Create, launch, and trade your own Meme tokens to share a 3,000 GT!
Post your Meme on Gate Square for a chance to win $600 in sharing rewards!
A total prize pool of $3,600 awaits all creative Meme masters 💥
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Details: https://www.gate.com/zh-tw/announcements/article/47455
Yili Hua: The big dump is caused by multiple reasons, and the Meme frenzy has drained market liquidity, stifling alts.
On October 11, Liquid Capital (formerly LD Capital) founder Yi Lihua stated that this is the first time to close all positions (on-chain clear) since advocating for ETH, previously only borrowing leverage. There are a few reasons to mention: · First, Bitcoin has risen to a new high resistance level, and without any favourable information breakthrough, it will need to pull back. · Second, the US stock market has reached a new high, with AI and semiconductor companies playing a capital game, which cannot sustain support. · Third, after Japan is about to change its prime minister, the risk of interest rate hikes has increased, and the interest rates have been rising. · Fourth, altcoins in the crypto world have been experiencing downward movement, and the MEME frenzy has drained liquidity.