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Between 03:15 and 04:00, BTC experienced concentrated short liquidations, but there was no typical pullback, and the market displayed a "double short squeeze" structure: · $231 million in limit sell orders vs $141 million in market buy orders, contract OI decreased by 836.5 BTC, with short liquidations and both longs and shorts switching positions · Spot major players bought $32.54 million in the market, further pushing up the price Market structure: short liquidation → contract position switching → spot buying continuation → price keeps moving upward, completing a double squeeze. Currently: contract OI is increasing slowly, but the price rally has stalled; both long positions being built and short positions suppressing the price may coexist, so be cautious of a potential reversal when following the upward trend. Data source: PRO "Major Order Tracking" and "Large Transactions" indicators, for reference only.

While spot prices have fallen below the psychological threshold of 9 yuan and the industry remains deeply stuck in a loss-driven inventory reduction slump, live hog futures showed a significant rebound today. The new type of foot-and-mouth disease from South Africa has introduced unsettling uncertainties. Can pig prices finally reach a turning point?

Foresight News reports that the governance proposal FIP.16 for the XRP ecosystem DeFi project Flare will open for voting on April 17. The main objectives are to significantly reduce inflation, establish a revenue reinvestment mechanism, and enhance staking incentives, aiming to turn the FLR token from inflationary to potentially deflationary, thereby strengthening the network’s long-term sustainability and security. The proposal includes immediately reducing the annual inflation rate from 5% to 3% (a 40% reduction); establishing the Flare Income Reinvestment Entity (FIRE) to centrally collect and redistribute network revenue (including FDC fees, FAssets minting/redemption fees, FCC, MEV, etc.); significantly increasing the base transaction fee (from 25 gwei to 500 gwei) to boost FLR burn rate, with an expected annual burn of about 300 million FLR; adjusting the staking incentive mechanism to primarily support P-chain staking (with a weighting five times that of C-chain delegation), raising the maximum single validator staking limit to 300 million FLR, and mandating that entities receive at least 20% of the fees.