In the past hour, total liquidations across the network reached $46.60 million, with $45.51 million from long positions, with $1.09 million from short positions. BTC liquidation $19.53 million, ETH liquidation $7.38 million.

According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative territory for 15 consecutive days, currently at -0.0858%. The Coinbase Bitcoin Premium Index measures the difference between the price of Bitcoin on Coinbase (a major US trading platform) and the global market average. This index is an important indicator for observing fund flows, institutional investment activity, and market sentiment changes in the US market. A positive premium indicates that the Coinbase price is higher than the global average, typically signifying strong buying pressure in the US market, active participation from institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average, typically reflecting significant selling pressure in the US market, decreased investor risk appetite, increased market risk aversion, or capital outflows.

According to a report by Charles Stanley's Abbas Owainati, the US dollar will continue to face challenges in 2026 after its sharp depreciation this year. The dollar's decline this year reflects multiple factors, including market concerns about long-term fiscal sustainability, policy uncertainty weakening its safe-haven currency status, increased currency hedging by non-US investors, and changes in capital flows. He said the dollar is likely to remain under pressure next year as the Federal Reserve is expected to cut interest rates further. He also stated that a weaker dollar could support emerging market equities by easing external debt burdens, improving capital flows, and increasing local currency returns. (Jinshi)

Odaily Planet Daily reports that Bitget, in partnership with MORPHO and the Arbitrum ecosystem, has launched an upgraded on-chain yield product, aiming to provide users with a more transparent, flexible, and efficient yield strategy. Based on the Arbitrum network, this product breaks traditional lock-up restrictions, offering users on-chain yield options for USDT and USDC that can be instantly subscribed and redeemed. In terms of product structure, a unique on-chain address is automatically generated when a user subscribes, enhancing asset isolation and security. Funds subscribed are deployed to the Morpho protocol in real-time and accrue interest according to on-chain rules. Redemption is also executed through an on-chain process, ensuring instant fund arrival. Gas fees are handled centrally by Bitget to lower the operational threshold and improve the overall user experience. Regarding yields, USDC products offer up to 12% APR, and USDT products offer up to 11% APR. The first subscription period is now open and will close on February 27, 2026 at 19:00 (UTC+8).

According to Odaily Planet Daily, the digital yuan will undergo an upgrade. Starting January 1, 2026, wallet balances will accrue interest. Without changing the two-tier operating structure, digital yuan held by banking institutions will move from off-balance-sheet to on-balance-sheet, changing from 100% reserves to partial reserves; non-bank payment institutions will implement a 100% digital yuan margin. Banking institutions will pay interest on customers' registered digital yuan wallet balances, adhere to the self-regulatory agreement on deposit interest rate pricing, and can independently manage the assets and liabilities of digital yuan wallet balances, with deposit insurance providing the same security guarantees as deposits. For non-bank payment institutions, the digital yuan margin is no different from their customer reserve funds. (Caixin)