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- 🎉 Attention Alpha fans! Alpha’s latest TAG airdrop goes live today at 10 AM—first come, first served!
💰 Don’t forget to share your airdrop or points screenshot on Gate Square with the hashtag #ShowMyAlphaPoints# for a chance to win a share of the $200 token mystery box!
🥇 Top points winner: $100
✨ 5 outstanding posts: $20 each
📸 Pro tips:
Add a caption like “I earned ____ with Alpha. So worth it”
Share your points-earning tips or redemption experience for a better chance to win!
📅 Activity deadline: August 10, 18:00 UTC
Let’s go! See you tonight: https://www.gate.com/announcements/article - Hey fam—did you join yesterday’s [Show Your Alpha Points] event? Still not sure how to post your screenshot? No worries, here’s a super easy guide to help you win your share of the $200 mystery box prize!
📸 posting guide:
1️⃣ Open app and tap your [Avatar] on the homepage
2️⃣ Go to [Alpha Points] in the sidebar
3️⃣ You’ll see your latest points and airdrop status on this page!
👇 Step-by-step images attached—save it for later so you can post anytime!
🎁 Post your screenshot now with #ShowMyAlphaPoints# for a chance to win a share of $200 in prizes!
⚡ Airdrop reminder: Gate Alpha ES airdrop is - Gate Futures Trading Incentive Program is Live! Zero Barries to Share 50,000 ERA
Start trading and earn rewards — the more you trade, the more you earn!
New users enjoy a 20% bonus!
Join now:https://www.gate.com/campaigns/1692?pid=X&ch=NGhnNGTf
Event details: https://www.gate.com/announcements/article/46429 - Hey Square fam! How many Alpha points have you racked up lately?
Did you get your airdrop? We’ve also got extra perks for you on Gate Square!
🎁 Show off your Alpha points gains, and you’ll get a shot at a $200U Mystery Box reward!
🥇 1 user with the highest points screenshot → $100U Mystery Box
✨ Top 5 sharers with quality posts → $20U Mystery Box each
📍【How to Join】
1️⃣ Make a post with the hashtag #ShowMyAlphaPoints#
2️⃣ Share a screenshot of your Alpha points, plus a one-liner: “I earned ____ with Gate Alpha. So worth it!”
👉 Bonus: Share your tips for earning points, redemption experienc - 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Ethereum open interest hits a new high! Prices are approaching a critical moment, will a breakthrough of 4000 USD cause a huge shock?
Ethereum (ETH) has recently seen a pullback in price, down 4% over the past week, currently reported at $3,598. Despite the short-term sluggish trend, on-chain data shows a surge in market participation — Ethereum futures open interest (OI) has reached an all-time high, with daily trading volume also hitting records. What does this phenomenon mean? Is ETH approaching a critical moment of success or failure?
Ethereum Open Interest Soars, Market Participation at Record High
According to a report by CryptoQuant analyst CryptoOnchain, the open interest (OI) of Ethereum on the Binance platform has reached a new high of $77 billion. This data reflects a significant influx of capital into the ETH futures market, with trader participation increasing in tandem with network adoption. Daily trading volume has reached a new peak, closely related to the activity of DeFi, Layer 2 scaling solutions, and the explosion of application ecosystems.
Leverage accumulation hides risks, and liquidation waves may exacerbate volatility
The surge in OI, while demonstrating market vitality, also brings potential risks. When leveraged positions accumulate excessively, a price reversal may trigger a chain liquidation wave, exacerbating severe market volatility. This phenomenon has been frequently observed in the history of the cryptocurrency market, and investors need to be vigilant about the downward pressure caused by excessive concentration of leverage.
Selling pressure is rising, short-term prices are facing challenges
CryptoQuant analyst Maartunn pointed out that the daily net receiver trading volume of Ethereum is -418.8 million USD, indicating that sellers dominate the market. The market sell orders significantly exceed buy orders, showing that investors are more concerned with execution speed rather than price, which is usually a short-term bearish signal. If buyer demand cannot absorb the selling pressure, ETH may further decline.
Key Price Levels and Future Outlook
The price of Ethereum is currently constrained by the psychological resistance level of $4,000. Despite strong on-chain activity, there is a divergence between the network fundamentals and price performance, leading the market into a state of hesitation. In the coming days, whether ETH can hold the key support level of $3,600 or break through $4,000 to restart its upward momentum will be crucial in determining the bullish or bearish direction.
Conclusion
Ethereum's open contracts have reached a historical high, with market participation and volatility rising simultaneously. Short-term selling pressure is increasing, and prices are approaching a critical moment for success or failure. Investors should closely monitor leverage dynamics and key support and resistance levels to seize potential market turning points.