📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Decentralized Finance Report founder Michael Nadeau posted on X discussing the ETH market performance:
1. In the past few days, the open contracts of ETH have increased by 40%, which indicates a large amount of leveraged long positions;
2. The spot trading volume of ETH has surged from $4-6 billion per day to $15-18 billion, indicating a real inflow of funds.
3. The funding rate has increased from 0.005% to 0.03%;
4. In the past few days, the amount of ETH short liquidations exceeded 85 million US dollars.
All in all, ETH is currently showing signs of "real money inflows, long positions, and short squeezes", and the rise is driven by a combination of three reasons.