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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 $115,000, the cumulative long order liquidation intensity of mainstream CEX will reach 1.279 billion.
On September 17, according to Coinglass data, if Bitcoin falls below $115,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.279 billion. Conversely, if Bitcoin breaks through $117,000, the cumulative short order liquidation intensity on mainstream CEX will only be $41.8129 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows 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.