💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Large Investors in Bitcoin have once again opened large short positions.
Gate News bot message, based on on-chain data, after the Bitcoin price rises, a Large Investor shorted Bitcoin again through two Wallets. The entry prices for these two transactions were $94,893 and $94,830.5, with a total Position reaching $30.7 million.
Previously, according to Lookonchain, the Large Investors shorted Bitcoin with 6x leverage through two Wallets on April 23, with entry prices of $92,469.1 and $92,664.8, for a total Position size of $74.5 million, and liquidation prices of $107,220 and $107,160.