🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
CryptoQuant: Short-term holder data suggests that BTC may have an additional 20%-25% rise potential.
PANews July 17 news, CryptoQuant analyst Darkfost stated that the MVRV indicator of short-term Bitcoin holders (STH) shows that there is still room for the market to rise. MVRV is an indicator used to measure unrealized profits, and whenever the MVRV value of STH reaches 1.35 (which means an unrealized profit of about 35%), the market usually experiences profit-taking, followed by a short-term price pullback. Currently, this indicator is only 1.15, which is still some distance from the key point. In addition, the average buying cost (realized price) of short-term holders broke $100,000 for the first time on July 11 and is currently above $102,000, indicating that the market still has the potential to support further rises. Analysis suggests that Bitcoin prices may have an additional 20%-25% upside before entering a new round of profit-taking.