Market Forecast

Gate Research Daily Report: Bitcoin has stabilized above $115,000, while Ethereum broke through $4,200, leading a rebound in altcoins. Falcon secured a strategic investment of $10 million from M2 Capital and Cypher Capital, surging 27.2% within 24 hours. Bella Protocol formed a strategic partnership with AITECH, driving BEL up 36.9%. Kalshi partnered with Pyth Network to bring real-time prediction market data on-chain for the first time. Asset manager Amundi is entering the crypto ETF market, further accelerating the integration of digital assets with traditional finance. Following recent liquidations, the market has deleveraged overall, but structural capital and institutional demand remain intact.

This article systematically examines the chain of events behind the October 2025 crypto market crash: from global risk aversion sparked by Trump’s tariff remarks, to the USDe depegging, loop loan liquidations, and the subsequent wave of market maker blowups. It reveals the inherent fragility of high-yield stablecoin mechanisms. The article also shows how leverage stacking can unleash systemic risk under extreme market stress, underscoring the unbreakable financial law for investors: high yield means high risk.

On-chain data shows that DOGE has triggered a rare Hash Ribbon buy signal, which usually indicates a market recovery and upward opportunity. However, the momentum indicator RSI has shown a downward bend. If it cannot break through the resistance level, it may enter a consolidation phase this summer.

Gate Alpha has officially launched its points mechanism, built around four core strengths: speed, simplicity, quality, and security. It offers a seamless connection between centralized exchange (CEX) and decentralized exchange (DEX) trading ecosystems. Gate Alpha enables users to explore high-quality assets with minimal barriers and trade early-stage, high-potential on-chain tokens directly using USDT from their exchange accounts. The new points mechanism brings strong time sensitivity, diverse user engagement formats, and substantial incentives. As part of a limited three-week Points Carnival, Gate Alpha is rolling out five themed campaigns that deliver multi-layered rewards, including token airdrops, mystery boxes, and access to a prize pool worth hundreds of thousands of dollars. Individual accounts can earn over 130 USDT in rewards during the event.