「Buddy」 25x Leveraged ETH Long Position on the Verge of Liquidation, Approximately $45 Away from Liquidation Price

On November 8th, based on market data, the current cryptocurrency "Altcoin" market is witnessing a recovery. Bitcoin's dominance (BTC.D) has decreased by 1.32% over the past 4 days and now stands at 60.11%. As of the time of this report, the total cryptocurrency market capitalization has reached $3.464 trillion, with a 24-hour growth of 0.6%.

On November 8th, according to HTX market data, the "veteran" meme tokens generally witnessed a rise. Tokens from the storage sector and the privacy sector showed independent trends and continued the recent upward momentum. They included: FET is currently trading at $0.32, with a 24-hour increase of 47.2%; DUSK is currently trading at $0.09, with a 24-hour increase of 44%; STRK is currently trading at $0.1411, with a 24-hour increase of 38.9%; ETC is currently trading at $17.77, with a 24-hour increase of 25.6%. Storage sector tokens: FIL is currently trading at $2.624, with a 24-hour increase of 88.5%; AR is currently trading at $5.96, with a 24-hour increase of 27.2%; STORJ is currently trading at $0.2058, with a 24-hour increase of 41.2%; SC is currently trading at $0.002, with a 24-hour increase of 19.6%. Privacy sector tokens: ZEC is currently trading at $674, with a 24-hour increase of 28.5%; RAIL is currently trading at $4.97, with a 24-hour increase of 38%; ROSE is

On November 8th, the US October New York Fed's 1-year inflation expectation was 3.24%, which was lower than the previous value of 3.38%. The New York Fed stated: In October, expectations for future financial conditions decreased. The 3-year inflation expectation remained at 3% without any change. The 5-year inflation expectation also remained at 3% without any change. (Jin10)

On November 7th, Julio Moreno, the Head of Research at CryptoQuant, posted an analysis of this Bitcoin Long-Term Holder (LTH) sell-off and how it differs. He stated that it is a regular occurrence for Bitcoin long-term holders to sell during a bull market. When the price reaches a new high, long-term holders usually take profits. The key is whether Bitcoin's demand is growing and if it can withstand the selling pressure at a higher price. For instance, from January to March and November to December 2024, as demand increased (in the green zone), the selling of long-term holders increased in sync, driving the price to new all-time highs. However, since October of this year, the selling of long-term holders has increased, but new demand has shrunk (in the red zone), and it is unable to absorb the supply at a higher price.

On November 7th, due to the drag on economic prospects resulting from the U.S. government shutdown and the worsening high inflation having an impact on personal financial expectations, U.S. consumer confidence has declined to the lowest level in more than three years. Preliminary data from the University of Michigan indicates that the consumer confidence index for November decreased from last month's 53.6 to 50.3, which is the lowest since June 2022. The current conditions index plummeted by 6.3 points to a record low of 52.3, suggesting that there is an increasing concern among the public regarding the impact of the government shutdown. The report points out that this overall decline in confidence is quite widespread among different age, income, and political groups. Although the spontaneous mentions of "high prices" have increased for the fifth consecutive month, long-term inflation expectations have eased to some extent. Consumers expect prices to rise at an average annual rate of

On November 7th, according to Coinglass data, the total value of liquidations of ZEC in the past 24 hours skyrocketed to $55.3 million, with short liquidations accounting for $50 million. The total open interest of ZEC futures contracts across all exchanges reached approximately $1.23 billion, showing a 40% increase in the past 24 hours. The 24-hour trading volume for spot transactions was $1.39 billion, and the trading volume for futures contracts was $7.14 billion. Currently, the funding rates of ZEC on major exchanges are leaning negative, with a majority of short positions. According to HTX market data, ZEC is currently trading at $704, indicating a 24-hour price increase of 37.4%.