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- 08:43If Bitcoin falls below $118,000, the cumulative long liquidation intensity on major CEXs will reach $1.55 billions.BlockBeats News, October 3, according to Coinglass data, if Bitcoin falls below $118,000, the cumulative long liquidation intensity on major CEXs will reach $1.555 billion. Conversely, if Bitcoin breaks through $122,000, the cumulative short liquidation intensity on major CEXs will reach $1.083 billion. BlockBeats 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 show the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the liquidation chart demonstrates the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to the wave of liquidity.
- 08:43The U.S. federal government "shutdown" may last until next week.BlockBeats news, on October 3, according to reports from US media on the 2nd, the US Senate is expected to vote again on October 3 on a temporary funding bill to extend federal government funding. If it fails to pass, the federal government "shutdown" may continue until next week. (Golden Ten Data)
- 08:43Current mainstream CEX and DEX funding rates indicate the market remains neutralBlockBeats News, October 3, according to Coinglass data, after a strong rebound in the crypto market over the past two days, the current funding rates on major CEX and DEX platforms indicate that the market remains neutral and has not entered an overheated stage. The specific funding rates are shown in the figure below. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. It is a capital exchange mechanism between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of holding contracts for traders, so that contract prices remain close to the prices of the underlying assets. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.