🎉 #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 analyst: On-chain indicators show BTC is approaching a "favorable" buying level
Odaily Planet Daily News CryptoQuant analyst Grizzly wrote that historical data shows that the BTC Puell Multiple index between 0.6 and 0.8 can be described as the 'Decision Zone'. Analysis of the past decade's trends shows that when the index falls below the threshold of 0.6, it usually represents an ideal opportunity for Dollar Cost Averaging (DCA) strategy. On the contrary, historically, breaking through the level of 0.8 is associated with bullish market behavior and often pushes the BTC price to new historical highs. Currently, the Purduo Multiple Index is fluctuating between these two critical levels. If the historical pattern remains unchanged, the index falling to below 0.6 may once again bring favorable buying opportunities to investors in the fall scenario.