Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
#BTC Why is it not about "carving a boat" but something that requires special attention? From the Wyckoff trading perspective:
1. November 2018 saw a single-month decline of 47%
2. May 2021 experienced a single-month decline of 49%
3. June 2022 had a single-month decline of 44%
4. As of June 2026, there has been no single-month decline exceeding 30%
Why is such a decline necessary? 1. From a market psychology perspective: panic selling as an emotional release. 2. From a leverage and liquidity perspective: the inevitable result of the liquidation mechanism. 3. More importantly, it requires the exchange of chips between weak hands and strong hands to drive the next bull run.
The key is that the exchange of chips between strong and weak hands can prompt the main players to push the market up again, making it profitable.