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⏰ Commitment Time: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
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Learn More: https://www.gate.io/article/44878
#GateioLaunchpad# #GameeFi#
CoinVoice has recently learned that Michael Nadeau, the founder of DeFi Report, posted on X regarding the ETH market, stating: 1. The open contracts for ETH have risen by 40% over the past few days, indicating a significant increase in leveraged long positions; 2. The spot trading volume of ETH has surged from $4-6 billion daily to $15-18 billion, signifying real capital inflow; 3. The funding rate has increased from 0.005% to 0.03%; 4. Over the past few days, the liquidation amount for ETH short positions has exceeded $85 million.
In summary, the current ETH shows signs of "real capital inflow, long positions accumulation, and short positions squeeze," a rise driven by three combined reasons.