💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
If Bitcoin breaks through $95,000, the cumulative short order liquidation intensity of mainstream CEXs will reach 908 million
BlockBeats news, on April 25, according to Coinglass data, if Bitcoin breaks through $95,000, the cumulative short order liquidation intensity of mainstream CEX will reach $908 million. Conversely, if Bitcoin falls below $92,000, the cumulative long order liquidation intensity of mainstream CEX will reach $901 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. 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 the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will generate a stronger reaction due to a liquidity wave after reaching that level.