JUST IN: 🇺🇸 Senator Cynthia Lummis says FDIC whistleblowers claim the agency is destroying documents related to digital assets.
JUST IN: 🇺🇸 Senator Cynthia Lummis says FDIC whistleblowers claim the agency is destroying documents related to digital assets.
Click on the link to enter the meeting: https://meeting.tencent.com/p/9031749175 Hello everyone, I am Liyuan. I will be broadcasting live tonight at exactly 8 o'clock. Last night, the US stock market staged a drama of "falling first and then rising", with the Dow Jones Industrial Average, S&P, and Nasdaq all closing red in the end. Since November, the price of Bitcoin has plummeted from a high of $126000 to just over 80000, a drop of over 30%. It is said that within just one month, nearly 360000 people worldwide have gone bankrupt, with a total of over 1.8 billion US dollars in lost money. Even though there has been a slight rebound of a few thousand dollars in the past two days, not many people dare to say "bargain hunting" - after all, no one can say whether this market is a rebound or a rebound. Interestingly, the significant contrast between the two market trends is actually related to the Federal Reserve. A few days ago, the market was still worried that interest rate cuts would not work, but New York Fed President Williams suddenly said that the labor market is cooling down and there is still room for interest rate cuts. As soon as these words were spoken, the stock market immediately became lively. The market generally believes that the probability of a 25 basis point interest rate cut in December has risen to around 70%. In summary, the overall market is currently very sluggish, and it is recommended that you do not easily chase after the bulls. Tonight's live broadcast will explain real-time short-term orders, including the layout of mainstream Ethereum knockoff market in the future QQ group number: 923794278 Meeting number: 9031749175 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
On November 21st, spot ETF funds flowed in comprehensively, with a net inflow of $238.47 million for Bitcoin, $55.71 million for Ethereum, $10.54 million for Solana, and $11.89 million for XRP. (Cointelegraph)
[Bitcoin Drops from $107,000 to $85,000 in 11 Days, Binance Long-Short Account Ratio Reaches 2.67:1] On-chain data shows that Bitcoin's price has dropped from $107,000 to $85,000 within 11 days, indicating a continued downward trend in the market. In the past 24 hours, the total liquidation amount in the market reached $1.87 billion, with long positions accounting for 87%. Over the past week, cumulative liquidation amounts ranged between $5 billion and $7 billion, with Bitcoin-related liquidations accounting for 40-60%. Due to last night's price dip, the open interest (OI) for Bitcoin and Ethereum has decreased over the past 24 hours, standing at $58.55 billion and $32.72 billion, respectively. Despite this, long positions still dominate the existing OI. For example, on Binance, the 24-hour long-short account ratio for Bitcoin is 2.67:1, while the top traders' long-short account ratio is 3.38:1. Additionally, most exchanges maintain positive funding rates, with long positions continuing to pay funding fees to short positions.
Monitoring data shows that the total market liquidation amount in the past 24 hours was 1.87 billion US dollars, with long positions accounting for 87%; The open interest (OI) of BTC and ETH have both decreased, with BTC OI at $58.55 billion and ETH OI at $32.72 billion. Taking Binance BTC data as an example, the ratio of 24-hour long short accounts is 2.67:1, and the ratio of top traders is 3.38:1. Most exchanges maintain positive funding rates, with the majority of long accounts (2.5-3:1), but trading volume has shifted towards short dominance, accounting for 52%. (Auntie Ai)
[Nakamoto Transfers 1,003 BTC to Cobo as Collateral for $250 Million Financing] Arkham data shows that Bitcoin treasury company Nakamoto (formerly Kindly MD) has transferred 1,003 BTC to Cobo as collateral for the previously announced $250 million convertible bond financing. This marks the company's second BTC collateral addition this week, with the bond issuance price set at Bitcoin's all-time high of $124,000. As market prices decline, margin pressure is becoming evident.