🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Share your story on Gate Square, and embrace the next 30 million together!
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Bitcoin is stabilizing at around 118,000 with a downward movement, while Ether continues to gather strength to da moon, reaching new highs again. The long positions are so strong that they are hard to grasp; everything depends on the market maker's sentiment.
If it weren't for the strength of Ether, Bitcoin would certainly experience a correction. Currently, the funds for Bitcoin are dispersed into various altcoins and tokens, and if these tokens experience a correction, Bitcoin will inevitably face a major pullback.
Currently, the sentiment among small retail investors in the market is: the more it falls, the more they buy (long positions), the more it rises, the more they sell (market maker). Whether it's Bitcoin or Ether in this wave, only those holding spot are the winners. Most contracts have become fuel in Ether, and even if you intervene in the short term, you must control the risk well; the chips are key.