🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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If Ethereum falls below $3700, the cumulative long order liquidation intensity on mainstream CEX will reach 408 million.
On September 26th, according to Coinglass data, if Ethereum falls below $3700, the cumulative long order liquidation intensity on mainstream CEX will reach 408 million. Conversely, if Ethereum breaks above $4000, the cumulative short order liquidation intensity on mainstream CEX will reach 1.208 billion. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually demonstrate the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the degree to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a liquidity wave.