🎉 #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
Jeff Park, Head of Research at Bitwise: The SBR failure exacerbated the BTC sell-off, but the recovery in liquidity could fuel the rally
Jeff Park, head of research at Bitwise, published an analysis saying that the Strategic Bitcoin Reserve (SBR) program failed to provide a clear path for global adoption of Bitcoin, and market confidence was frustrated, leading to a sharp correction in Bitcoin. He pointed out that the current global market expectations for the rise in long-term interest rates have strengthened, and the crypto market is under pressure in tandem with US stocks. Trump's comments at the WH Crypto Summit have also added to market volatility, with TSLA shares retreating more than 50% from their all-time highs, further amplifying risk aversion. However, Park believes that global liquidity will eventually return, and Bitcoin remains one of the most resilient assets in the market. He emphasized that Bitcoin ETFs, which enable traditional financial markets to place regulated long-term bets on constrained assets for the first time, may increase market volatility in the future, but may also bring new growth momentum to BTC.