Global Market Continues to Roil, Wall Street Still Eagerly Awaits Economic Data Guidance

On November 15th, according to Coinglass data, the total liquidation across the entire network in the past 24 hours was $13.57 billion. The total long liquidations amounted to $11.86 billion, and the short liquidations totaled $1.71 billion. In the past 24 hours, a total of 277,033 people were liquidated globally. The largest single liquidation took place in an HTX-BTC-USDT trade with a value of $44.29 million.

On November 14th, based on HTX market data, Bitcoin briefly exceeded $97,000, and the 24-hour price decline narrowed to 4.40%.

On Friday, November 14th during the U.S. session: A sell-off driven by tech stocks intensified in the U.S. stock market. Major benchmark indices broke below support levels as market concerns grew regarding the possibility that the Fed may not cut interest rates at the next meeting. The S&P 500 Index opened 0.8% lower on Friday, continuing the tech-led plunge and dropping below the 50-day moving average. The sell-off in tech also had an impact on the Nasdaq 100 Index, which opened down 1%. The blue-chip Dow Jones Industrial Average fell 1.1%. The CBOE Volatility Index rose to above 22. Brian Jacobsen, the Chief Economic Strategist at Annex Wealth, stated, "The market always has things to be concerned about. The current worry about the Fed pausing its action in December has replaced concerns about the long government shutdown. Despite the government reopening, economic data remains in a 'dull' state and requires more time to be resolved. This is also part of the reason why the stock ma

On November 14th, as per the monitoring of OnchainLens, within the past 24 hours, Circle has created 1 billion USDC on the Solana network. Since the significant crash on October 11th, they have collectively minted 7.25 billion USDC on the Solana network.

On November 14th, the Federal Reserve's Schmieding stated that further rate cuts could have a lasting influence on inflation, and the Fed may also be adjusting its balance sheet portfolio towards short-term securities. The Fed could offer support for a smaller-sized balance sheet and relieve liquidity pressures by lowering the reserve interest rate and expanding the utilization of standing repo facilities. There is little basis to believe that reserve demand will steadily increase along with nominal GDP. (FX678)

On November 14th, as monitored by lookonchain, the well-known gambler address (0x7B7b) of Roobet and Stake.com has shifted from being short to long. It has opened a 25x leverage long position with 25,000 ETH (approximately $78.63 million). Currently, it is sitting on an unrealized gain of $2.25 million. The opening price is $3,117.96 and the liquidation price is $3,063.08.