🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
In the previous bull run of the cryptocurrency market, Bit experienced seven significant pullbacks, with magnitudes of 17%, 17%, 32%, 26%, 28%, 51%, and 25%. These pullbacks often trigger fear and skepticism among market participants, leading many to believe each time that it marks the end of the bull run. However, it has proven that these concerns are unwarranted. After each pullback, Bit has demonstrated remarkable resilience, not only recovering to its original levels but also repeatedly setting new historical highs. This phenomenon reveals the characteristics of the cryptocurrency market: short-term fluctuations should not be over-interpreted; the long-term trend is what investors should focus on. This pattern of Bit pulling back and then reaching new highs reflects its growth process as an emerging asset class, with each pullback potentially being a reassessment and confirmation of its value by the market. For investors, understanding this pattern may help maintain calm during market fluctuations and avoid making irrational decisions due to short-term volatility.