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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
CryptoQuant: The loss ratio of Bitcoin UTXOs has entered the 27-30% range, similar to the decline level in 2022
Deep Tide TechFlow News, February 4th, CryptoQuant reported that the proportion of Bitcoin UTXOs in loss has re-entered the 27-30% range, closely resembling the decline pattern in May 2022. This indicator shows that a large number of market participants have shifted from profit to unrealized losses. Analysis indicates that this range is not simply a bearish signal but a critical decision zone for market pressure: if it breaks above 30% and remains sustained, it could trigger further declines; if it stalls and falls within the 27-30% range, it suggests selling pressure may have been exhausted, potentially leading to a trend recovery. The current stage is seen as a test of the market’s absorbed panic level, rather than the beginning of panic.