📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
ETH futures open interest hits a new high, short positions pressure surges.
[Bihu] According to data from the data platform, as the Spot price rises and breaks through 4700 USD, the total open interest of Ethereum futures has reached a historical high of about 35.5 billion USD. The leverage levels on various trading platforms have been restored, laying the foundation for greater Fluctuation after the position concentration.
Short selling pressure surges: On August 12, as the price approached $4,620, approximately $66 million in short positions were forcibly closed, marking the second largest short closing event of the year to date.