📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
CryptoQuant Researcher: 2 Key Indicators Show BTC Bull Market Cycle is Developing Steadily
Odaily Planet Daily News, CryptoQuant researcher Axel Adler released a report recently, in which he followed two key indicators: market structure of Bubble vs. Crush and MVRV Z-score, as a signal that BTC's current price action is moving in a healthy direction. Adler added, "We can see that the current Bull Market cycle is developing quite steadily, without any obvious anomalies or significant surges." It emphasizes that the first indicator has dropped to 1.02 points, and he believes this is the "baseline", indicating that BTC is currently not experiencing a bubble. When the Bitcoin market capitalization 'rise speed' exceeds its realized capitalization, a bubble forms in the market. When Bitcoin reached a historical high of $73,679, this indicator showed the existence of a bubble, scoring around 1.5. It also pointed out that BTC's 30-day moving average (DMA) MVRV Z-Score is 1.8, slightly higher than the annual average level of 1.6 for BTC, indicating the "lowest overvaluation degree". (Cointelegraph)