📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
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🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
WHY IS THE MARKET DOWN TODAY?
The crypto market fell by 1.4% in the last 24 hours, extending a weekly decline of 4.58%, but remaining up by 10.88% over the last 30 days. This drop reflects profit-taking after recent increases, leveraged liquidations, and mixed macroeconomic signals.
Deleveraging – BTC liquidations of $54M (+80% in 24h), open interest in derivatives increased by 29.9%
Rotation towards lower risk – Bitcoin dominance rose to 61.16% (highest in 30 days), the Altcoin Season Index fell by 14%
Correlation with stocks - The crypto-Nasdaq-100 correlation in 24h reached 0.855, reflecting weakness in technology stocks.