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After the FOMC meeting, bitcoin entered a correction phase. Long-term holders realized profits on 3.4 million BTC, and the slowdown in ETF inflows has made the market more vulnerable. Both spot and futures markets are under pressure, and the cost basis for short-term holders at $111,000 is a key support level. Summary generated by Mars AI. The accuracy and completeness of this summary are still under iterative improvement.
Goldman Sachs trader Paolo Schiavone warns that the bitcoin flash crash is a signal of a market shift and that the frenzy in risk assets may cool down. He believes that after a short-term correction, the market will move towards a "melt-up" scenario. While technical indicators show warning signals, fundamentals still support buying. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
- 20:52The probability of a rate cut in December rises to 87% on Polymarket, with crypto-related stocks rising accordingly.Jinse Finance reported that as the probability of a US interest rate cut in December rose to a monthly high of 87% on the prediction market Polymarket, several crypto-related stocks surged on Friday. Three US-listed bitcoin mining companies—Cleanspark, Riot Platforms, and Cipher Mining—led the gains, each recording double-digit increases over the past five days. USDC issuer Circle jumped nearly 10% in early trading, while Strategy (founded by Michael Saylor) and a certain exchange also saw moderate gains.
- 20:09The Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $756.1 million on Friday.Jinse Finance reported that the Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Friday was $756.1 million, compared to $221.7 million in the previous trading day.
- 20:04Data: In the past 24 hours, total liquidations across the network reached $288 millions, with long positions liquidated for $163 millions and short positions for $125 millions.According to ChainCatcher, citing Coinglass data, in the past 24 hours, the total liquidation across the network reached 288 million US dollars, with long positions liquidated for 163 million US dollars and short positions for 125 million US dollars. Among them, bitcoin long positions were liquidated for 40.768 million US dollars, and bitcoin short positions for 48.2573 million US dollars. Ethereum long positions were liquidated for 26.3366 million US dollars, and Ethereum short positions for 34.3365 million US dollars. In addition, in the past 24 hours, a total of 109,707 people were liquidated globally, with the largest single liquidation occurring on a certain exchange - BTCUSDT, valued at 5.8224 million US dollars.