📢 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
August 19 Market Daily Report
I. Overview of the Market Trend
- Today, Ethereum continues to oscillate, with high volatility on the hourly chart over the past 24 hours. The support at 4200 points has not been effectively broken, maintaining a range-bound oscillation, consistent with previous assessments.
- Short-term expectation: continue to hover around for about a week, with the possibility of a spike down breaking support, but it will not significantly drop below 4000 points.
- Medium to long-term goal: After oscillating to accumulate positions and dissipating short-term bullish sentiment, it is expected to challenge the resistance zone of 4800-5000 points.
2. Bull and Bear Power Showdown
(1) Short Selling Pressure
- Main source: Ethereum queued for staking withdrawal, currently accumulating 900,000 coins (worth nearly 4 billion USD), with some urgent selling demand, representing the largest visible selling pressure in the next half month.
- Other factors: Uncertain positions after a short-term rise.
(2) Long Position Increase
- Core strength: BMNR's ETH holdings increased from 1.15 million to 1.52 million last week, a net increase of 370,000, costing approximately $6.6 billion.
- Subsequent support: The 20 billion stock issuance plan to purchase ETH has been approved by the SEC, and 2.45 billion dollars worth of stock was issued on the 12th, with the final holding ratio potentially exceeding 5%.
3. Market Analysis and Trading Suggestions
- Overall: Bullish data slightly dominates, but the BMNR financing for additional issuance takes a long time (6 months to 1-2 years), so caution is needed in the short term.
- Support range: Pay attention to 4220-4150-4050 points.
- Operation Tip: Wait for the selected altcoin range to be in place before deploying; the listed company has not made a move this week.