BTC falls below the $89000 mark

On chain data shows that Machi's 25 times leveraged ETH long position has been liquidated due to market downturns, and currently holds 3300 ETH (approximately $9.5 million). His account is only $20 away from the next liquidation line, and the current accumulated loss has exceeded $20.89 million. （Onchain Lens）

The current total market value of cryptocurrencies is 3.11 trillion US dollars, with a 24-hour evaporation of 118.845 billion US dollars, a decline of 3.67%. Among them, the market value of Bitcoin accounts for 56.08%, and the market value of Ethereum accounts for 11.23%.

[Machi Big Brother's ETH Long Position Liquidated, Funds Reduced to $360,000] According to Ember monitoring, Machi Big Brother's Ethereum long position turned from unrealized profit to unrealized loss and was liquidated. The $1 million funds he deposited a few days ago had previously grown to $2.08 million, but due to this morning's decline, only $360,000 remains.

[Powell Resignation Rumors Unconfirmed, Scheduled to Speak This Tuesday] On December 1, market rumors suggested that Federal Reserve Chair Jerome Powell would announce his resignation during an emergency meeting at 7 PM Eastern Time on Monday. However, this information has only circulated on social media, has not been reported by mainstream media, and has not been confirmed by any official sources or the Federal Reserve. Powell is scheduled to deliver a speech at 9:00 AM (UTC+8) this Tuesday during a commemorative event, with the specific topic yet to be disclosed. President Trump stated this morning that he has decided on the next Federal Reserve Chair and will announce it soon. Kevin Hassett, Director of the White House National Economic Council, is considered a leading candidate, but Hassett has not commented on the related rumors.

The current price of ETH is $2873.63, with a drop of 4.11% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 100 million US dollars, with multiple orders being the main liquidation and 32.65 million US dollars (32.64%) of ETH liquidation. The data is for reference only.