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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
If Bitcoin falls below $114,000, the cumulative long order liquidation intensity of mainstream CEX will reach $737 million.
On September 15, according to Coinglass data, if Bitcoin falls below $114,000, the cumulative long order liquidation intensity of mainstream CEX will reach $737 million. Conversely, if Bitcoin breaks above $116,000, the cumulative short order liquidation intensity of mainstream CEX will only be $65.35 million. BlockBeats note: The liquidation chart does not display the precise number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which 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 response due to liquidity waves.