📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Demand for Bitcoin ETFs Weakened! The Negative Trend Series Extended to Three Days! Here are the Details
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded three consecutive days of gains totaling $494 million.
The Biggest Rises Since the Last Peaks
According to Farside, Wednesday saw the largest single-day outflow of 251 million dollars from Bitcoin ETFs in the three-day series. Among the major funds:
On Wednesday, the total ETF volume reached only 2.58 billion dollars, significantly below previous peaks, and the decline in inflows coincided with low trading volume. According to Coinglass data, IBIT, which is usually among the top five most traded US ETFs, has dropped to tenth place.
Demand for Bitcoin ETFs Weakened
Lifeless demand for Bitcoin ETFs also reflected in Goldman Sachs' recent filing, showing weak interest in new net long positions. Investors primarily use these ETFs as trading instruments, indicating a cautious market with low current volume.
While ETF outflows are increasing, Bitcoin is currently stuck in a consolidation phase trading at $96,000.
Since mid-November, BTC, fluctuating between $90,000 and an all-time high of $109,000, is struggling to rise further in the uncertain market environment.
Traders are keeping an eye on the renewed momentum signals, with ongoing uptrends and muted demand, Bitcoin's short-term trajectory remains uncertain.