#Gate广场中秋团圆局 #CLARITY法案关键投票在即 Will the Clarity Act pass tonight? Will the crypto market soar, or plunge into the abyss?
Will the Clarity Act pass tonight?
My view is that it will most likely pass.
From a broader perspective, the Republican and Democratic parties have various disagreements, but! Their disagreements are ultimately aimed at making the US better and better. That is their common goal.
This is very important. We need to take a broad view and see the essence clearly. The two parties have disagreements, but they are working toward the same goal.
At present, traditional US capital has reached the end of the road. Can the traditional internet continue to support it? We can think about this: under the current circumstances, if they do not seek breakthroughs or find new trends, and cannot make the pie bigger and bigger, will things get better, or will they face a collapse?
The current crypto market is the breakthrough point for a capitalist country like the United States. This is the broader trend.
On the other hand, Trump is about to face the midterm elections. One of Trump's major sources of support when he took office was the crypto community, and the midterm elections likewise cannot do without its support.
The question now is, if Trump does not deliver some results, why would people in the crypto community support him?
Therefore, from the broader and overall perspective, the two parties will not let their disagreements delay America's future direction. At the local level, Trump needs the support of the crypto community.
These two points are enough to show that passing the Clarity Act is the broader trend, and the broader trend cannot be resisted.
If it passes, could the bullish news turn bearish once realized?
Why does such a question arise? This is important and must be considered.
Are you fully out of the market and, after the recent rise, waiting for another drop?
Are you bearish, subjectively believing that there will be another major drop in October and November, and therefore thinking that the bullish news will turn bearish once realized?
Are you afraid, worried that the market will continue rising after the act takes effect and that you will miss out?
The Clarity Act is like the securities law in the stock market back then. With a securities law in place, the market became legal and compliant, allowing more capable participants to enter.
In the past, crypto was a small circle, misunderstood as a scam by many people who did not understand it.
But when the world's largest country passes the Clarity Act, it means that the crypto market has gained recognition from global capital, and highly risk-conscious capital will enter.
So, is such bullish news short-term or long-term?
After the vote, there may be volatility over the next few hours or days. Short-term volatility is emotional, but emotions cannot change the trend.
If the vote passes tonight but the market pulls back, does that mean the bullish news is over?
If it rises, does that mean it will keep rising forever without turning back?
Neither is true. Short-term market conditions are volatile. Only by clearly understanding whether this news is short-term or long-term can you decide whether to take a long-term view, so you need to fully understand what this act represents and study and analyze it in depth!$BTC ‌

#Gate24HFuturesOpenInterestTops$11.479B
Gate’s $11.479B Futures Open Interest: The Bigger Story Behind the Number
A single market metric can sometimes reveal much more than it appears to show.
Gate’s latest futures data shows open interest at approximately $11.479 billion, alongside around $18.47 billion in 24-hour futures volume. In my view, these numbers deserve attention because they highlight something bigger than short-term trading activity: the scale of participation that Gate is attracting across its derivatives ecosystem.
But before looking at what this could mean for Gate, it is important to understand what open interest actually represents.
Open interest is the total value of futures positions that remain open. It is different from trading volume. Volume measures how much trading takes place over a specific period, while open interest tells us how much exposure remains active.
That means $11.479B does not mean traders are collectively bullish. It also does not mean prices must rise. Open interest does not tell us whether positions are long or short. Instead, it shows that a significant amount of capital is currently tied to active futures positions.
That distinction is extremely important.
A Major Derivatives Footprint
What stands out to me is the combination of high open interest and high daily volume.
Gate is reporting approximately:
• $11.479B in futures open interest
• $18.47B in 24-hour futures volume
• Nearly 1,000 perpetual futures markets
• Approximately $4.91B BTC open interest
• Around $3.04B ETH open interest
• Around $742.84M SOL open interest
These figures show that Gate’s derivatives activity is not concentrated in only one market.
BTC remains the largest component, which is expected because Bitcoin continues to be the primary liquidity hub of crypto derivatives. ETH is also playing a major role, while SOL and other major assets add further depth to the platform.
For traders, that variety matters.
A modern derivatives platform needs more than one popular contract. Traders increasingly want the ability to move between BTC, ETH, SOL, XRP, BNB, DOGE and other markets depending on volatility, liquidity and market conditions.
The RWA Expansion Could Be Even More Important
For me, one of the most interesting parts of Gate’s development is its expansion beyond traditional crypto derivatives.
Gate’s reported RWA perpetual futures activity reached approximately $64.7B in August, representing a 158% month-over-month increase. At the same time, its market share reportedly increased from 5.32% to 12.6%.
That is a significant move.
The RWA market could become an important bridge between traditional financial assets and blockchain-based trading infrastructure. As traders become more comfortable accessing different asset categories through digital platforms, exchanges capable of offering broader exposure may have an advantage.
This is why I do not see Gate’s futures growth as simply a crypto-only story.
The larger direction appears to be toward a multi-asset trading ecosystem.
Transparency and Liquidity Matter
Another factor worth watching is transparency.
Gate’s August transparency figures showed approximately $8.215B in reserves, an overall 127% reserve ratio, and around $308.1M in 30-day net inflows.
These numbers do not eliminate exchange risk, and they should never be interpreted as a guarantee of safety. However, transparency can be an important part of how traders evaluate an exchange.
Liquidity is equally important.
Listing hundreds of contracts is easy to advertise. The harder challenge is creating active markets where traders can enter and exit positions efficiently.
The combination of substantial volume, open interest and a broad derivatives offering suggests that Gate has built meaningful activity across its futures ecosystem.
Open Interest Must Always Be Read With Context
I would not look at the $11.479B figure by itself.
Open interest becomes much more useful when combined with price action, volume, funding rates, liquidations and market structure.
For example:
If price rises while open interest increases, new positions may be entering the market.
If price rises while open interest falls, short covering or position closures may be contributing to the move.
If price falls while open interest rises, additional positions may be building during the decline.
This is why experienced traders watch several indicators together rather than treating one number as a complete market signal.
BTC is especially important because approximately $4.91B of Gate’s futures open interest is concentrated in Bitcoin.
ETH also deserves attention, with approximately $3.04B in open interest and around $1.99B in 24-hour volume based on the latest figures.
Altcoin markets can provide additional opportunities, but they can also experience significantly higher volatility. Leverage magnifies both profits and losses, so liquidity and risk management remain critical.
My Bigger Takeaway
For me, Gate’s $11.479B futures open interest is not important simply because it is a large number.
It matters because of the ecosystem developing around it.
We are looking at substantial daily futures volume, billions of dollars in active positions, nearly 1,000 perpetual markets, strong BTC and ETH participation, growing altcoin activity and rapidly expanding RWA derivatives.
The 158% monthly growth in RWA perpetual volume is particularly interesting because it suggests Gate is gaining momentum in a category that could become increasingly important in the future.
My conclusion is positive about Gate’s growth trajectory.
The $11.479B open-interest milestone should not be interpreted as a guaranteed bullish signal for crypto prices. Instead, I see it as evidence of significant market participation and a growing derivatives footprint.
The bigger question is where this growth goes next.
If Gate continues expanding liquidity, product diversity, RWA markets and transparency while maintaining strong trader participation, its role in the global derivatives landscape could become even more significant.
For me, $11.479B is not the final destination. It is a measurement of how far Gate’s futures ecosystem has already come — and potentially a sign of how much further it can grow.
#Gate广场中秋团圆局 #weeklyshare #ShareWeekly @Gate_Square #GateMeme

Good morning on September 15! In the early hours, Bitcoin’s bullish candle rose first to 79569, then turned bearish and fell to 78219. Our long positions won twice in a row yesterday, netting 3200➕110 points in total.
Bitcoin and Ethereum on Tuesday morning
Short around 78500-79000🈳, targeting around 77700-76900.
Short around 2530-2550🈳, targeting around 2490-2450.