🎉 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# #ETH# #GT#
Liquidation Surpasses US$600 Million as Bitcoin Reverts to US$103 Thousand
The crypto market has experienced a liquidation of US$635 million or equivalent to Rp10.4 trillion, after Bitcoin (BTC) reached US$107 thousand, on Monday (19/05) morning.
Interestingly, the losses were predominantly incurred by traders taking long positions, especially on Ethereum (ETH), with total losses reaching US$244 million. Meanwhile, the liquidation amount for Bitcoin itself was only at US$157 million.
Overall, this liquidation was experienced by around 150,794 traders. Long traders were recorded liquidated at US$394 million, while short traders at US$227 million.
The exchange that contributed the largest liquidation is owned by Ben Zhou with US$216 million. Next is CZ with US$161 million, followed by Star Xu with US$85 million.
If you followed the trading live last night, you should be safe with a profit of 2000 to 2500 points.
Congratulations to all of you, keep looking forward to the next opportunities and generate profits.