Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Analyst: Realized net profit and loss have returned to zero, and the market is "emerging from a deep bear" into a transition period
BlockBeats News, May 6 — Analyst Murphychen (Murphychen888) stated on social media that the realized net profit and loss (NRPL) indicator has once again risen above zero, indicating that the overall profitability of the market is recovering, and new funds are entering to absorb the previous profit-taking. At the same time, Bitcoin’s price has broken through the STH-RP and TMMP double resistance levels.
Compared to historical cycles, the early stage of this bear market is similar to the previous cycle’s high point, but it skipped the classic “Stage 2” (price new lows but losses not expanding, panic selling clearing out), directly transitioning from Stage 1 to Stage 3 (NRPL back above zero).
The current market phase should be defined as “gradually emerging from a deep bear, entering a bull-bear transition period.” Even if short-term extreme events similar to March 12, 2020, occur, they are unlikely to fundamentally change the overall trend. From a long-term perspective, 2026 will mark an unprecedented bear market cycle.