Gate Research: Tempo Testnet Officially Launches | Institutional Bitcoin Holdings Surge

Gate Research: The market as a whole shows a pullback pattern, with sentiment remaining cautious. BTC has stayed weak over the past day, repeatedly facing resistance around 92,000. ETH retreated back toward the MA10 after an intraday surge, indicating a slowdown in short-term momentum. Capital sentiment has turned slightly more positive at the margin. NIGHT, BEAT, and LUNA posted strong rebounds of 40%–60%, driven respectively by new product launches, partnership developments, and a technical bottom recovery. Institutional acceptance of crypto continues to rise; institutional Bitcoin holdings have increased from roughly 197,000 BTC to 1.08 million BTC, a cumulative gain of about 448%. Meanwhile, the launch of the Tempo testnet has further strengthened the narrative around on-chain payments.