🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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If Bitcoin breaks through 113,000 USD, the cumulative short order liquidation intensity of mainstream CEX will reach 301 million.
On September 29, according to Coinglass data, if Bitcoin breaks through $113,000, the cumulative short order liquidation intensity of mainstream CEX will reach $301 million. Conversely, if Bitcoin falls below $110,000, the cumulative long order liquidation intensity of mainstream CEX will reach $657 million. BlockBeats notes: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart demonstrates to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to a liquidity wave.