Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
$OP Price drops -5.81% accompanied by a trading volume of 70 million, with open interest reaching 86 million, showing a pattern of increasing volume and high open interest. Market logic suggests that open interest should be considered to determine whether it’s a long liquidation or main force distribution. The current market trend leans towards a bearish dominance, with risks outweighing opportunities.
🎯Direction: No position
Waiting for price action to provide clear signals of bullish absorption or bearish exhaustion. It is not advisable to trade against the trend at this time to avoid potential long liquidation chain reactions.