New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Latest on-chain monitoring shows that 31 million USDT have been transferred out of a major exchange to unknown addresses.
The recent movements of mainstream cryptocurrencies like BTC, ETH, and BNB are worth paying attention to.
There are several possible reasons for such operations. First, large holders may be exiting the market directly, transferring coins to cold wallets for long-term holding; second, there could be a strategic shift in fund transfers, possibly moving to other platforms; third, it could be risk mitigation to avoid concentration on a single exchange. Regardless of the reason, large amounts of funds withdrawing from areas with ample market liquidity can put short-term pressure on prices.
From a market perspective, such large withdrawals reduce the available liquidity on exchanges. Once selling pressure appears, it could intensify downward movement. Therefore, in the short term, it’s important to watch for these signals—after all, on-chain data never lies.