If Bitcoin breaks through $86,000, the mainstream CEX aggregate short liquidation intensity will reach 9.12 billion

On November 21st, according to Coinglass data, within the past 12 hours, there was a combined total of $735 million in liquidations across the entire network. Specifically, there were $650 million in long liquidations and $85.74 million in short liquidations. In the past 24 hours, a total of 227,052 people have been liquidated worldwide, with a total liquidation amount of $830 million. The largest single liquidation took place in the HTX - BTC-USDT pair, reaching $30.9176 million.

On November 21st, based on CME's "FedWatch": The likelihood of a 25-basis-point rate cut by the Fed in December is 39.6%, and the likelihood of no rate adjustment is 60.4%.
The probability of a cumulative 25-basis-point rate cut by the Fed by January of next year is 50.2%, the probability of no rate change is 29.7%, and the probability of a cumulative 50-basis-point rate cut is 20.2%.

On November 21st, the White House of the United States issued a statement indicating that President Trump has signed an order to make modifications to tariffs on certain agricultural products from Brazil. Trump declared that in July of this year, he signed an executive order to impose an additional 40% ad valorem tariff on specific goods from Brazil. Subsequently, in October, he engaged in negotiations with Brazilian President Lula and received supplementary information and suggestions from various officials. In the opinion of these officials, due to the initial progress achieved in negotiations with the Brazilian government and other relevant factors, certain agricultural imports from Brazil should no longer be subject to the additional ad valorem tariff. After taking into account the information and suggestions provided by these officials, as well as the negotiation status with the Brazilian government and other factors, Trump considers it necessary and appropriate to modify the scop

On November 21st, as per the monitoring of OnchainLens, Bitmine acquired 17,242 ETH from FalconX and BitGo, with a value of $49.07 million.

On November 21st, the President of the Federal Reserve Bank of Philadelphia, Harker, expressed that when deliberating on long-term monetary policy, the emphasis should be placed on achieving a balance between inflation and labor market risks. There exists an upward risk to inflation and a downward risk to unemployment; hence, monetary policy must be carefully calibrated. The U.S. economy is currently performing favorably. The rate cuts that have been implemented thus far have been deemed appropriate; however, each rate cut establishes a higher threshold for the subsequent one. (FXStreet)

On November 21st, according to Coinglass data, within the past 24 hours, a combined total of $911 million was liquidated across the entire network. Specifically, there were $703 million in long liquidations and $208 million in short liquidations. A total of 231,310 individuals were liquidated. The largest single liquidation took place on Hyperliquid - ETH-USD, amounting to $24.2266 million.