🎉 #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
The selling pressure of Miners in Bitcoin has dropped to the lowest level in the last year: What does this mean for the price future?
Crypto analysis company Alphractal announced that the selling pressure from Bitcoin miners has fallen to its lowest level since May 2024.
According to the company's assessments, this decline in miners' selling pressure has historically often been followed by periods of sideways consolidation or price declines.
In Alphractal's statement, it was noted that low selling pressure rarely creates positive effects, however, positive reactions were observed more during the periods below:
In most cases, however, Bitcoin continued to move sideways or experience price declines.
In April 2025, while the Hash Rate ( processing power) reached an all-time high, a subsequent decline was experienced, followed by a slight recovery in recent times. This movement resembles what happened in April 2021. Additionally, the company indicates that April 14, 2021, and April 14, 2023, stand out as local peaks for Bitcoin, suggesting that April is a critical period for mining.
Although it is stated that a price peak has not been experienced by 2025, the recent decline in Hash Rate raises the question of whether a similar weakening phase as seen in 2021 has entered.
It is stated that currently, the selling pressure from miners continues to remain low, which is an indication of miners who sell their Bitcoins wisely at the beginning of 2025. However, if a surrender process begins in the mining sector, a new wave of selling pressure may emerge. The main factors to be monitored in this regard are listed as follows: