BTC breaks through the $89000 mark

[A certain whale holds a $15 million HYPE long position on Hyperliquid] A certain whale opened a 10x leveraged HYPE long position on Hyperliquid in the past 4 hours. Currently, they hold approximately 609,000 HYPE long positions, valued at around $15 million, with a liquidation price of $22.9.

[Federal Reserve's Hammack: Neutral Interest Rate May Be Higher Than Commonly Expected] Federal Reserve's Hammack stated that the positive inflation data for November might be due to data collection distortions caused by the government shutdown in October and the first half of November, which underestimated price growth. While the Bureau of Labor Statistics reported a 2.7% year-over-year increase in November CPI, the adjusted estimate is closer to 2.9% or 3.0%. Hammack's concern about rate cuts lies in the belief that the neutral interest rate level is higher than commonly assumed, and the economy has the momentum to maintain robust growth next year.

In the past 12 hours, the main force has a net inflow of $3.15 million, with a buy sell ratio of 1.34:1, indicating a willingness to go long. Despite two major selling orders exceeding $4 million in Binance contracts last night, OKX subsequently closed a $3.7 million buying order at $89034, indicating that the bulls are still actively positioning themselves. Technically speaking, the current price has stabilized at the EMA24 and EMA52 moving averages, with a golden cross above the MACD zero axis, indicating an increase in upward momentum, consistent with the direction of main capital inflows. Take the lead in understanding the main trend and seize the turning point of the market! Main large order tracking helps you keep track of fund movements in real time. The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.

[KobeissiLetter: U.S. Margin Debt Hits Record High, Leverage Surpasses Dot-Com Bubble Era] According to KobeissiLetter data, U.S. trading margin debt surged by $30 billion in November, reaching a record $1.21 trillion, marking the seventh consecutive month of increase. Over the past seven months, U.S. margin debt has soared by $364 billion, a 43% increase. Adjusted for inflation, margin debt has risen 32% year-over-year, reaching an all-time high. The ratio of margin debt to M2 money supply has jumped to approximately 5.5%, surpassing the level during the 2000 dot-com bubble. Leverage in the U.S. investment market has reached an alarmingly high level.

[Sean Farrell: Still expects BTC and ETH to challenge new highs before the end of the year] Fundstrat's Head of Crypto Strategy, Sean Farrell, responded to differing views with Tom Lee, stating that Fundstrat analysts operate with independent frameworks. Tom Lee primarily serves investors allocating 1%–5% to BTC and ETH, focusing on long-term trends; Sean Farrell targets clients with crypto assets accounting for approximately 20% or more, adopting a more aggressive strategy. Sean Farrell expects a rebound at the beginning of the year, a potential pullback in the first half, and still anticipates BTC and ETH to challenge new all-time highs before the end of the year.