📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
The Selling Pressure of Bitcoin Miners Has Dropped to the Lowest Level in Recent Months: What to Expect Next?
Crypto analysis company Alphractal shared its latest data on the Bitcoin market. According to the assessment published by the company, the selling pressure from miners has dropped to its lowest level since 2024.
The "Mining Sell Pressure" metric tracked by Alphractal measures the selling power of miners. This metric compares the total BTC outflows over the last 30 days with the average miner reserves during the same period. A low value indicates that miners are holding onto their assets and this situation signals a positive trend for prices.
However, Alphractal warned that renewed selling interest could increase depending on the price direction in the coming weeks.
On the other hand, despite Bitcoin surpassing the level of 103 thousand dollars, the open positions in futures trading continue to remain weak. Currently, the total open position stands at 61.3 billion dollars. Alphractal noted that in the past, when BTC was at these levels, the open position was around at least 68 billion dollars, indicating that the current outlook shows low leveraged trading volume and market maker activity. This situation is considered a result of the liquidations and position closures experienced in recent months.
In the short term, it is observed that whales have closed their long positions and are giving signals indicating a change in direction in the market. Alphractal stated that if the Whale Position Trend metric continues to decline, the market could either consolidate sideways or enter a correction process.