MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

On November 20th, according to MLM Monitor, a whale address that had been maintaining a large long position in ETH for more than three weeks and had been continuously increasing its position through a martingale strategy during the downturn was liquidated. The address held a long position of 17,804 ETH (worth $51.5 million). Since the end of September, the two accounts of this whale have suffered a total loss of more than $10 million.

On November 20th. The U.S. Labor Department declared that it will not put out the October employment report. This led traders to anticipate that the Federal Reserve is more prone to pause its rate cut at the December policy meeting. After the U.S. Labor Department verified that there was an insufficient amount of data to release the report, a wave of selling emerged in the federal funds futures market. Traders decreased their expectations of a 25-basis-point rate cut at the December 10th meeting. They currently expect the Fed to maintain the benchmark interest rate within the range of 3.75% to 4%. The swap market linked to the Fed's policy rate is currently pricing in a rate cut of only 6 basis points for the December meeting, with a cumulative rate cut of only 19 basis points by January. Prior to Wednesday, the swap market was pricing in an 11-basis-point cut, which was equivalent to a fifty-fifty chance of the Fed cutting rates over the next three weeks. Leah Traub, the portfolio m

On November 20th, based on Coinglass data, if Bitcoin drops below $88,000, the cumulative intensity of long liquidation on mainstream CEXs will reach 563 million. Conversely, if Bitcoin surges above $91,000, the cumulative intensity of short liquidation on mainstream CEXs will reach 745 million. **BlockBeats Note**: The liquidation chart does not disclose the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more pronounced reaction due to a surge in liquidity.

On November 20th, based on Coinglass data, within the past 1 hour, a total of $115 million was liquidated across the entire network. The long liquidations reached $112 million, while the short liquidations were only $2.4617 million.

On November 20th, as monitored by lookonchain, despite the decline in the ETH price, Tom Lee's Bitmine may still be in the process of purchasing ETH. A new wallet, 0x748d, is likely to be associated with Bitmine - it has just received 24,827 ETH from BitGo (valued at $72.52 million).

On November 20th, based on HTX market data, Ethereum fell to reach $2900, experiencing a 24-hour decline of 7.22%.