📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Derive: Options data shows traders hedging against the risk of Bitcoin falling below 100,000 USD and Ethereum falling below 3,000 USD.
BlockBeats news, on August 6, reported by The Block, after a strong pump in Bitcoin, Ethereum, and other mainstream Crypto Assets last month, the recent performance of Crypto Assets prices has been muted, seemingly prompting some market participants to turn to bearish positions. The crypto options platform Derive stated that its options positions expiring on August 29 have significantly tilted towards put options for Bitcoin and Ethereum, indicating that traders are hedging against a price fall before the end of the month. Sean Dawson, research director at Derive, stated that the number of Ethereum put options expiring on August 29 has exceeded call options by more than 10%, with the greatest interest concentrated at strike prices of $3200, $3000, and $2200. The analyst noted that this layout aligns with expectations of "any scenario from mild pullbacks to deeper adjustments." The bearish sentiment for Bitcoin is even more pronounced. The open interest for Bitcoin put options expiring on August 29 is nearly 5 times that of call options, with about half concentrated at a strike price of $95,000, and about a quarter at strike prices of $80,000 and $100,000. The analyst pointed out that this distribution shows traders "are betting heavily on Bitcoin falling below $100,000."