🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
KaRaDeNiZ, Sakura_3434, Anza01, asiftahsin, GateUser-d0654db3, milaluxury, Ryakpanda, 静.和, milaluxury, 币大亨1
💰 Each winner will receive $5 Points!
🎁 Rewards will be distributed within 14 working days. Please make sure to complete identity verification to be eligible.
📌 Event details: https://www.gate.com/post/status/11782130
🙏 Thank you all for your enthusiastic participation — more exciting events are on the way!
CryptoQuant Analyst: Hash Ribbons Indicator Issues Bitcoin Buy Signal
On June 5, CryptoQuant analyst Darkfost said the latest data showed a buy signal for Bitcoin from the Hash Ribbons indicator, which assesses the stress level of the miner ecosystem by comparing hash rate 30-day and 60-day moving averages. The analysis points out that with the recent all-time high of bitcoin hashrate, miners are under short-term pressure and may be forced to sell bitcoin to stay afloat, and this sell-off tends to create long-term buying opportunities.