💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
Ethereum Open Interest on Binance Surpasses $10 Billion as Short Positions Surge
Ethereum's (ETH) open interest on Binance has reached a new record high, now standing at approximately $10.75 billion. This significant milestone comes amid a dramatic surge in short positions, which have increased by 500% since November 2024 and by an additional 40% in the last week alone. This combination of high open interest and a large number of short positions creates the potential for a "short squeeze," which could lead to significant market volatility.
A Market Driven by Spot Price Rally and Institutional Factors
The growing open interest and short position activity have been tracking alongside a powerful rally in Ethereum's spot price. Over the past three months, ETH has surged by more than 130%, climbing from around $1,800 to above $4,200. This price strength is not just a result of market speculation; it is also supported by fundamental factors. Major network upgrades like Pectra and Dencun, along with positive institutional and regulatory developments such as the launch of spot Ethereum ETFs, have all contributed to the current bullish sentiment.