🎉 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.
Standard Chartered Bank: If BTC falls below the support level of $90,000, it will face a 10% pullback risk.
Golden Finance reported that Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, warned that if BTC falls below $90,000, a downward trend may occur. In a note on Tuesday, Kendrick highlighted that there is a "convex risk" due to the increased likelihood of liquidation of spot exchange-traded funds, which could push the BTC price below $80,000 in the near term. Kendrick said, "We believe that if BTC falls below $90,000, it will lead to a further 10% decline in the short term, dropping to just over $80,000. The prices of all other digital assets may also fall accordingly. Once the pullback is over, we recommend accumulating long positions again."