🎉 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.
The market turned red today
The market is experiencing a correctional trend, Bitcoin has begun to gradually decline to the lower boundary of the sideways trend and pulled the altcoin along with it, which ultimately showed a drawdown of around 10% - 15%.
This trend was expected, since many altcoins gave more than 100% growth, which led to a natural correction against the background of profit-taking from investors.
The dominance of the main asset has grown to 63%, so we are seeing a strong correlation between the altcoin and Bitcoin.
However, there is no need to panic, this is only a local drawdown, which is unlikely to last long, and it should be considered as an opportunity to pick up assets at more favorable prices. #btc# #eth# #ltc# #xrp# #sol#
✌️✌️✌️✌️✌️✌️✌️