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Share link:In this post: According to John Williams, president of the Federal Reserve Bank of New York, the U.S. economy is performing well, and there’s no immediate need for interest rate cuts. Recent inflation data are encouraging, and Williams expects price pressures to continue easing, with a disinflationary process continuing this year and next. Fed officials have lowered their expectations for rate cuts this year, projecting only one decrease and maintaining the benchmark rate at a two-decade high.Di
Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000, CryptoQuant analysts said.Traders closing their basis arbitrage trades have led to a significant decline in futures market activity and increased downside pressure for bitcoin, an analyst added.
- 14:58CryptoQuant Research Director: The growth in demand for Bitcoin spot is shrinkingNews on March 9th, Julio Moreno, the research director of CryptoQuant, posted on platform X saying that the reason for the decline in Bitcoin prices is simply because the current demand for Bitcoin spot is shrinking. At the same time, short positions in Bitcoin are dominating in futures market.
- 14:32A whale on Hyperliquid who shorted BTC at 20 times leverage has made a floating profit of 6.375 million USDAccording to @ai_9684xtpa monitoring, BTC has fallen below 84,000 US dollars, ETH has fallen below 2,200 US dollars. The total position of Hyperliquid's 20 times short on BTC has a floating profit of 6.375 million US dollars, among which the floating profit of BTC short orders has expanded to 6.175 million US dollars. Yesterday it also added another 10 BTCs and currently the position value is as high as 42.85 million USD (512.65 BTC). The thirty times short order on ETH also already has a floating profit of $200k USD.
- 14:26ETH falls below 2100 US dollarsThe market shows that ETH has fallen below 2100 US dollars, currently quoted at 2099.02 US dollars, with a 24-hour drop of 4.08%. The market fluctuation is relatively large, please manage your risk well.