🎉 #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
On-Chain Data: Are Retail Investors Missing the Bitcoin Rally? Could Be Good for Bulls - Coin Bulletin
According to CryptoQuant observers, despite Bitcoin approaching its all-time high levels (ATH), retail demand remains low.
In the last few days, there has been a decrease of 19.34% in on-chain transactions below 10,000 dollars. This indicates that individual investors' activity has been limited despite the high market volatility.
Normally, during periods of increased price volatility, an increase in on-chain transaction volumes is expected. However, the current data reveals low retail investor participation. This situation can be explained by the consolidation process that followed the peak in individual demand, especially in December.
Experts say that the absence of a "strained" on-chain structure indicates that the current market structure supports an upward movement. In other words, the low retail demand indicates that there is no potential selling pressure during price increases yet.
These observations imply that there is still room for a strong rally in the price of Bitcoin. However, the low participation of individual investors also indicates that the market needs to build more confidence for a broad-based rise.