#CelebratingNewYearOnGateSquare

#CelebratingNewYearOnGateSquare seems to be a trending hashtag and community event on Gate Square (the social/content platform by Gate.io crypto exchange). It's tied to their big New Year / Spring Festival celebration for 2026, running from early February (around Feb 9) through late February or March.
The main attraction is a $50,000 Red Packet Rain Carnival (plus other rewards like GT tokens, trading vouchers, merch, and lucky draws). Users post content with the hashtag to earn red packets (up to 28 GT per post), enter draws, climb leaderboards, and join the festive vibe—mixing crypto discussions, market talks, and fun engagement to kick off the year strong.
It's a way for the Gate community to celebrate Lunar New Year / 2026 with rewards, not just a random party.
Abra, since you're in Karachi and asking about BTC aur ye celebration (Bitcoin and this celebration), here's the connection: Many posts under #CelebratingNewYearOnGateSquare include crypto market analysis, trading ideas, and Bitcoin updates. People share views while participating for rewards.
Current BTC Market Snapshot (as of Feb 18, 2026 evening PKT)
Bitcoin is consolidating in a tough spot right now:
Price range: Hovering around $67,000 – $68,300 USD (various sources show slight variations, like ~$67,300 to $68,200 recently).
It's down from earlier highs (peaked over $126,000 late last year, but corrected sharply in early 2026).
Recent action: Rejected multiple times at $70,000 resistance, with some brief bounces but overall bearish pressure. Down ~40% from late-2024/early-2025 peaks in some reports, with outflows from US spot ETFs (~$8.5B) and macro uncertainty weighing in.
Sentiment: Tight range, bearish-leaning short-term. Analysts watch support near $65k–$60k if it breaks lower; some predict recovery potential later in 2026 (e.g., targets up to $150k by year-end from optimistic views), but right now it's "wait for prompt" mode amid deleveraging and geopolitical/regulatory noise.
In Gate Square context: Users are posting charts, predictions, and dip-buying ideas under the hashtag—turning the celebration into a mix of fun rewards + real market discussion.
Overall, the celebration is boosting community activity on Gate Square during this consolidation phase—perfect timing for sharing BTC analysis while grabbing those red packets! 🚀🐉