📢 #Gate观点任务# 第一期精彩启程!调研 Palio (PAL) 项目,在Gate广场发布您的看法观点,瓜分 $300 PAL!
💰️ 选取15名优质发帖用户,每人轻松赢取 $20 PAL!
👉 参与方式:
1. 调研$PAL项目,发表你对项目的见解。
2. 带上$PAL交易链接。
3. 推广$PAL生态周系列活动:
为庆祝PAL上线Gate交易,平台特推出HODLer Airdrop、CandyDrop、VIP Airdrop、Alpha及余币宝等多项PAL专属活动,回馈广大用户。请在帖文中积极宣传本次系列活动,详情:https://www.gate.com/announcements/article/45976
建议项目调研的主题:
🔹 Palio 是什么?
🔹 $PAL 代币经济模型如何运作?
🔹 如何参与 $PAL生态周系列活动?
您可以选择以上一个或多个方向发表看法,也可以跳出框架,分享主题以外的独到见解。
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⏰ 活动时间:截止至 2025年7月11日 24:00(UTC+8)
Bitcoin analysts say market quickly absorbs selling, paving way for a bullish July
Key takeaways:
Data from Glassnode suggests that Bitcoin’s (BTC) range-bound trading price between $100,000 and $110,000 is the result of profit-taking. The data shows mid to long-term holders (LTHs) leading the sell-off, with coins aged 3–5 years realizing $849 million, while coins in the 7–10 years cohort cashed out $485 million. The 1–2 year cohort realized $445 million.
Despite LTHs selling, CryptoQuant analyst Yonsei Dent said there is a silver lining since the data suggests this activity could be net positive.
The Spent Output Age Bands metric highlights when coins of varying holding periods are spent, while Binary Coin Days Destroyed simplifies the data by flagging whether LTHs moved coins on a given day. Dent explained that the consistent appearance of older coin movement is a positive signal in a bull cycle.
Dent also noted more activity from coins held for 1–3 years, reflecting profit-taking from previous cycle buyers. “If anything, it suggests a transition of market leadership from older holders to newer ones,” the analyst said, suggesting the shift signals strength, not weakness.
Related: Less than 15% Bitcoin left on crypto exchanges signals ‘supply problem’
Historical odds favor a Bitcoin rally in July
Cointelegraph reported that Bitcoin could be set to follow the S&P 500’s decade-long trend of positive July performance. The SPX recorded its highest monthly close in June, and historically, July has been Bitcoin’s strongest month
Since 2013, BTC averaged a 7.56% return in July, with eight gains in twelve periods, including a 24.03% surge in 2020. Q3 often sees robust risk-asset returns, and Bitcoin’s correlation with the S&P 500 suggests that new all-time highs above $112,000 could occur as early as this month
In fact, once Bitcoin attains new highs, the crypto asset could exhibit significant volatility, as suggested by CryptoCon. The technical analyst highlighted a 195-day sideways movement since Dec. 18, 2024, with only 36 days of notable price action. The analysis points to a long “Cycle 4 Ranges Expansion” phase. This slow cycle aligns with historical patterns of brief price breakouts masking a broader uptrend
Related: Bitcoin due to copy S&P 500 to hit new all-time high in July: Forecast
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.