🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
Will we still see 24,000 BTC in 2025? This story starts with a certain top-tier exchange's USD1 promotion.
Here's how it went: an exchange launched a USD1 deposit campaign with a 20% annualized return, which sounded pretty good, but the cap was only 50,000. Many people started exchanging USD1/USDT, and as a result, USD1 suddenly surged by 0.39%. This increase was huge, and some "smart people" sniffed out an opportunity—they went to activate VIP lending features, directly borrowed USD1 to sell spot to users looking to invest, making a clear arbitrage profit.
But the story didn't end there. One guy saw USD1 rising happily and suddenly thought of a "trick": instead of messing around with USD1/USDT, why not just trade BTC/USD1 directly? Excited, he threw all his BTC into buying USD1, even hitting a market sell.
Guess what happened? BTC was forcibly dumped down. Dropped all the way to 24,000… Yes, that price level that reminds people of a few years ago.
Seeing this scene, some people even thought: maybe we should install a slippage protection software—at such an outrageous price, how long would it take to see it again?