💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
⚡ Key Data Points
Current price: ~$115,720 USD
Recent high / resistance: Around $117,000–$118,000 has been acting as resistance.
Support: Roughly $114,800–$115,000 is seen as strong support in the near term. Falling below that may put pressure on prices.
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🔍 What’s Driving the Market
1. Fed rate cut
The U.S. Federal Reserve recently cut interest rates by 25 basis points. That has given Bitcoin and broader crypto markets a boost, due to expectations of more rate easing and lower yields on traditional safe assets.
2. Options expiry event
There’s about $4.9 trillion worth of options expiring, which adds volatility (may trigger price reactions) and acts as a friction point for bulls unless resistance is overcome.
3. On‐chain strength & institutional demand
Signals are pointing to accumulation: strong support zones, institutional spot ETF inflows, growing corporate holdings. These are reinforcing the base under BTC.
4. Seasonality & scope for breakout
September has historically been a weak month for Bitcoin, but this year it’s performing well: up ~8%, making this one of its best Septembers since 2012.
If BTC can reclaim and sustain above the resistance zone ($117K–$118K), there’s potential to aim for $120,000+.
#BTC#
# market update#