🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Bitcoin falling below $116,000 may trigger a wave of $829 million long order liquidations.
On July 15, due to the selling influence of ancient Bitcoin Whales, Bitcoin fell to the range of 117,000 USD. According to data from the data platform, if Bitcoin drops below 116,000 USD, the cumulative long order liquidation intensity on mainstream trading platforms will reach 829 million.
On the contrary, if Bitcoin rises and breaks through 118,000 USD, the cumulative short order liquidation intensity on mainstream trading platforms will only be 159 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance, or strength, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation column" indicates that there will be a stronger reaction due to liquidity waves once the price reaches that point.