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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Bitcoin has broken through new record levels, approaching the upper limit of its weekly bullish price channel. This move comes as the digital asset confirms a significant breakout, maintaining a bullish continuation pattern. Traders are closely watching for further consolidation before a potential next bullish phase.
Price movement within the bullish channel
On the weekly timeframe, Bitcoin continues to trade within a bullish channel pattern. The price is now approaching the upper resistance line of this channel. This movement indicates the strength of the current trend, with buyers maintaining control near its highest levels in several weeks. During recent sessions, Bitcoin has remained steady above previous resistance levels.
This continuous price movement has supported the continuation pattern that is still evident on the weekly chart. As the momentum increases, analysts are monitoring how long the consolidation phase will last at the current levels. A deeper analysis of the Bitcoin trend indicates that premium signals suggest Bitcoin is trading within a bullish channel and is approaching the resistance level.