In the past hour, total liquidations across the network reached $10.36 million, with $1.35 million from long positions, with $9.00 million from short positions. BTC liquidation $1.11 million, ETH liquidation $3.77 million.

According to Odaily Planet Daily, OKX market data shows that BTC has broken through 93,000 USDT and is currently trading at 93,009.7 USDT, a 24-hour increase of 1.6%. (This news item was generated with AI assistance.)

According to Huoxun Finance on December 3rd, on-chain analyst @ai_9684xtpa's monitoring, address 0xE0e...19865 has entered the second phase of its position building: lowering the average price. On September 25th, it bought 736 ETH at a high price of $4026, spending $2.96 million. From December 2nd to December 3rd, it added 2732 ETH at an average price of $2988, investing another $8.16 million. As of now, it has invested a total of $11.128 million to buy 3468 ETH, with an average cost of $3208.8, resulting in a floating loss of $420,000.

According to a market analysis published on the X platform by KobeissiLetter, Odaily Planet Daily, cryptocurrency ETFs are making a comeback. Last week, cryptocurrency funds recorded inflows of $1.1 billion, a seven-week high. Bitcoin led the inflows with a net inflow of $461 million, followed by ETH with a net inflow of $308 million. At the same time, investors withdrew $1.9 billion from shorting Bitcoin ETPs. The upward momentum of cryptocurrencies is returning, which analysts believe marks a reversal of the previous four-week streak of cumulative $4.7 billion in selling.

According to an article published on the X platform by Charles Gasparino, a Fox Business reporter, Wall Street and business insiders are making a final push to warn Trump about the problems that would arise from choosing Kevin Hassett as Federal Reserve Chairman. The argument from Wall Street and the business community is that, given the political nature of Hassett's job (Director of the National Economic Council) and his past experience, he lacks credibility among Fed staff and the markets, which seek independence from the Fed. Appointing Hassett would lead to higher long-term interest rates and throw the Fed into disarray. If Hassett manages to lower short-term interest rates through a split vote amid persistent inflationary pressures (as Trump desires), this would be seen as political interference and could trigger inflation. Mortgage and consumer rates are benchmarked against 10-year Treasury bonds, and a surge due to inflation concerns could slow the economy as the midterm elections approach. Of course, Trump may ignore all of the above and proceed unilaterally. Other candidates vying for the Fed chairmanship include Kevin Warsh and Fed Governor Christopher Waller, both of whom are potential contenders.