Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
# Lantern Festival Flower Viewing and Red Envelope Giveaway
U.S. aggressive short-selling firm Culper Research publicly announced that it has shorted ETH and related company BitMine. Their report points out that the Fusaka upgrade caused Gas fees to plummet by about 90%, leading to a flood of low-value activities and new wallets artificially inflating activity, questioning Ethereum's true utility and institutional adoption. They also state that Vitalik has been continuously selling over 19,300 ETH since the beginning of this year.
On one side, whales continue to accumulate, while on the other side, institutions are taking a high-profile bearish stance. Market divergence is intensifying. How do you judge the future trend? How should investors seize opportunities amid complex signals? Welcome to discuss.