I see Gate's reserve fund update, and my first impression is that the data is genuinely high, and it's not that kind of barely-passing-the-line safety—it's the kind with obvious buffer room. A 122% coverage ratio already puts it well ahead of industry benchmarks, but Bitcoin is directly pulled to 147%, which at this level basically tells the market: not just safe, but redundant and confident safety.

What I personally care about is the status of mainstream assets. Like Ethereum also has steady coverage added, representing it's not just focused on BTC for appearance. On the other hand, stablecoins like USDT aren't pulled too high, which I think is quite reasonable, after all liquidity over there is already high and doesn't need excessive stacking.

I'd be more inclined to see it as a signal of controlled risks, especially since the market is still in observation mode right now. This kind of data is more convincing to me than bullish shouts.

Also, happy 13th anniversary to Gate! You've been steadfast and solid all the way, witnessing countless market waves, looking forward to continuing to lead the crypto world and going further and further.

#GatePoR