Gate Research Institute: BTC short-term weakly hovers above 110,000 | AVNT daily big pump 361% leads the way

Encryption Assets Overview

BTC (-0.35% | Current Price 110,974 USDT)

BTC has experienced a significant pullback after a surge, with the current price maintaining around $110,974.7. The short-term moving averages (MA5, MA10) have turned downwards and have crossed below MA30, indicating a weakening of short-term bullish momentum. The trading volume has noticeably increased during the decline, indicating that bearish forces are taking control. If the price continues to oscillate below $111,000, it may further test the support level around $110,000. However, if it can stabilize quickly and recover MA30, it is likely to return to the $112,000 - $113,000 range. Overall, the short-term trend for BTC has weakened, and further retracement risks should be taken seriously.

ETH (+0.5% | Current Price 4,309 USDT)

ETH has recently been oscillating around $4,300, currently closing at $4,309.62. The short-term moving averages (MA5, MA10) are closely aligned, and the price is near MA30, indicating that the short-term direction is still unclear. Trading volume has increased during local dips, but the rebound momentum is insufficient, suggesting intense competition between bulls and bears. If the price can break through $4,340 with increased volume, it is likely to challenge the $4,380 - $4,400 resistance zone again; if it falls below $4,280, it may trigger further adjustments, testing the $4,237 low. Overall, ETH is currently in a phase of oscillation and accumulation, with the direction pending confirmation from trading volume.

GT (-0.99% | Current Price 16.66 USDT)

GT has shown a short-term decline after continuous fluctuations, with the current price at $16.663. The short-term moving averages (MA5, MA10) have crossed below MA30, and the trend continues downward, indicating a continuation of the weak pattern. Trading volume has significantly increased during the decline, while there is insufficient volume during rebounds, showing a bearish bias. If the price breaks below the $16.6 level, it may further test the support range of $16.3 - $16.0; if it can stabilize and break above $16.8, it is expected to alleviate the downward pressure. Overall, GT's short-term trend is weak, currently dominated by bears, and the operational focus should be on defense.

Daily Price Fluctuation Tokens

The cryptocurrency market shows slight fluctuations, with BTC down 0.32% and ETH up 0.50%. SOL performs well, increasing by 1.53%. Stablecoins USDT and USDC remain almost unchanged, indicating overall market stability. Some smaller coins like DOGE and LINK have seen slight increases, but the overall market activity is average, with investor sentiment being cautious.

AVNT Avantis (+361.27%, circulating market cap 0.49 million USD)

According to Gate's market data, the current price of the AVNT token is $0.2311, which has increased by approximately 361.27% in the last 24 hours. Avantis is a decentralized perpetual contract exchange aimed at enabling high-leverage trading of cryptocurrencies and real-world assets (RWA), including forex, commodities, indices, and upcoming stocks. Avantis is supported by Pantera and Coinbase, making it the largest decentralized exchange by trading volume on the Base platform, and it brings institutional-grade products into the DeFi space, allowing users to trade with leverage of up to 500 times in a transparent, permissionless environment.

Avantis, as an important derivatives platform within the Base ecosystem, has quickly attracted market attention with the launch of the AVNT token airdrop checker. Starting from September 9, over 65,000 wallets can participate in the claim, focusing on large-scale user participation, effectively enhancing community activity and token liquidity. At the same time, the project team has just completed an $8 million financing round led by Founders Fund and Pantera Capital, and the market is full of expectations for its prospects of combining on-chain and real-world macro asset trading. The dual support of funding and narrative has rapidly increased its popularity. According to Gate market data, the AVNT token is currently priced at $0.2311, having surged 361.27% in 24 hours, with a significant increase in trading volume, concentrated capital inflow, and bullish sentiment.

BID CreatorBid (+60.51%, circulating market value 0.35 million USD)

According to Gate market data, the current price of the BID token is $0.1313, having risen by 60.51% in the last 24 hours. CreatorBid (BID) is an innovative platform at the intersection of blockchain technology and the digital content market, leveraging the power of artificial intelligence to provide a decentralized marketplace that enables creators, artists, and influencers to monetize and tokenize their work. The platform features a variety of unique functionalities, from its integration of artificial intelligence to strategic partnerships that enhance its market position, focusing on AI-driven personalized content experiences.

CreatorBid's recent innovative updates focus on providing agency teams with highly flexible customized launch infrastructures. Core highlights include funding collection and distribution mechanisms, installment token economics, and a Decreasing Exit Tax (DET) planning feature. These tools not only enhance the team's control over funding and token circulation but also strengthen the ecosystem's security and liquidity through the combination of Conviction Vault and decentralized exchanges. Additionally, the project team has opened a dual-track mechanism for fixed-price releases and community voting, allowing projects to gain strategic support from curators while retaining the option for complete independent launch. The narrative emphasizes decentralization and freedom, attracting market attention. According to Gate.io market data, the BID token is currently priced at $0.1313, having surged 60.51% in the last 24 hours, with concentrated capital inflow, rapidly warming market sentiment, and a clear bullish atmosphere.

XPIN XPIN Network (+52.01%, circulating market cap 0.33 million USD)

According to Gate's market data, the current price of the XPIN token is 0.002186 USD, up approximately 52.01% in the last 24 hours. XPIN Network is redefining global connectivity as an AI-driven decentralized communication infrastructure, combining decentralized wireless technology with community-centered innovation. XPIN stands out in its asset class, differentiating itself from purely speculative altcoins with its decentralized governance and support for real-world applications. This specific position in the DePIN field adds another layer of appeal for short-term traders focused on utility-driven demand and speculative interests.

The recently launched FreeData Plan by XPIN has become the core of its narrative, emphasizing a global free connectivity service without borders and carrier restrictions, covering 149 countries and regions. It achieves automatic network switching through Xtella.AI, ensuring users always have the best connection experience. This decentralized wireless network concept highlights its vision of fairness, security, and low costs, while the user-as-builder participation model further strengthens community consensus. With XPIN deposits exceeding 900 million tokens and annualized yields on loyalty deposits reaching as high as 400%, market enthusiasm has been rapidly ignited. According to Gate.io market data, the XPIN token is currently priced at $0.002186, up 52.01% within 24 hours, with a significant increase in trading volume, driven by strong bullish sentiment leading to concentrated capital inflow.

Hotspot Interpretation

Asset Entities merges with Strive Enterprises to establish a Bitcoin finance company, aiming to raise $1.5 billion to purchase BTC.

Marketing company Asset Entities (ASST) announced that its shareholders have approved the merger with Strive Enterprises, headed by former U.S. Department of Efficiency director Vivek Ramaswamy, with plans to establish a financial company focused on Bitcoin. The official statement indicated that "the vast majority" of shareholders voted in favor of the transaction, and the new company will be renamed Strive, Inc., continuing to trade under the stock code ASST. Additionally, the company plans to raise up to $1.5 billion for large-scale Bitcoin purchases to build a core asset reserve.

This move not only reflects the trend of traditional enterprises accelerating their transformation towards Bitcoin asset allocation but also highlights the increasingly solid position of Bitcoin among institutional investors. By focusing its core business on Bitcoin, Strive, Inc. is expected to further attract the attention of the capital markets, opening up new growth opportunities for the company. However, at the same time, how to balance fundraising with Bitcoin price fluctuations will remain a key consideration for the company's future operations. Investors should also pay attention to the stability of its long-term strategic execution and compliance risks.

Kiln orderly exit Ethereum validator nodes, responding to the SwissBorg incident to ensure the safety of stakers.

The staking infrastructure provider Kiln announced that following the SwissBorg-related Solana incident, it has initiated a plan for an orderly exit from all its Ethereum (ETH) validator nodes to enhance the security protection of client assets. The official statement indicated that the exit process is expected to take between 10 to 42 days to complete, depending on the situation of the validators, with withdrawals scheduled to be completed within a maximum of 9 days after the exit, according to network arrangements. During this period, validators can still earn rewards. Kiln emphasized that they would take immediate action upon identifying potential infrastructure risks, and the decision to exit nodes is a responsible measure to ensure the safety of stakers. Currently, Kiln has suspended certain staking services, including Dashboard, Widget, and API.

This action not only demonstrates Kiln's ability to respond quickly and manage risks after the event, but also highlights the security challenges faced by staking infrastructure in a multi-chain ecosystem. By proactively exiting the validator node, Kiln sends a signal: in the complex and ever-changing encryption market environment, the security of user assets always takes precedence over short-term profits.

ALT5 Sigma adjusts Eric Trump's position, holding a large stake in WLFI to strengthen market layout.

According to Forbes, ALT5 Sigma disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that, after discussions with Nasdaq, it has adjusted Eric Trump's role from a proposed director to a board observer in order to comply with its listing rules. Meanwhile, ALT5 Sigma holds approximately 38% of World Liberty Financial's equity and up to 22.5 billion WLFI tokens, enjoying around 75% of the token sales revenue rights.

This action not only demonstrates ALT5 Sigma's proactive adjustments to the governance structure within a compliance framework, but also highlights its deep involvement and influence in the WLFI project. By mastering large-scale token rights and profit distribution, the company is expected to occupy a dominant position in future token economics and business expansion. However, the concentration of a large number of tokens may also bring market volatility and regulatory risks. Investors, while focusing on potential returns, also need to carefully assess the related uncertainties.
Reference Material:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Gate, https://www.gate.com/launchpool/BSU?pid=355
• CoinGecko, https://www.coingecko.com/en/cryptocurrency-heatmap
• Foresightnews, https://foresightnews.pro/news/detail/83730
• Foresightnews, https://foresightnews.pro/news/detail/83726
• Foresightnews, https://foresightnews.pro/news/detail/83724

Disclaimer Investing in the cryptocurrency market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate shall not be liable for any losses or damages arising from such investment decisions.