Analysis: Peculiar Divergence in US Economic Data Puts the Federal Reserve in a Policy Quandary
On November 24th, the U.S. economy is currently facing a perplexing anomaly, which has raised concerns among policymakers responsible for curbing inflation and maintaining the labor market. Data from the Labor Department shows job losses in June and August, and as of September, there has been a meager average of about 62,000 new jobs added over a three-month period.
However, worker productivity, which is a key driver of economic output, remains high. The Gross Domestic Product (GDP), which measures the output of all goods and services in the economy, also remains strong. This contradictory situation of economic expansion coexisting with a weak labor market has presented a dilemma for the Federal Reserve policymakers, making it difficult for them to determine whether the economy needs to cool down or be further stimulated.
Economists believe that it is currently uncertain whether rate cuts can ultimately offset the erosion in hiring caused by significant policy changes. Ryan Sweet, th
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「$3.2 Million Liquidation of Whale 1011」 AAVE Whale Once Again Increases Holding by 24,000 AAVE Today
November 24th. According to the monitoring of EmberCN, a whale of AAVE that had partially liquidated its position during the 10/11 flash crash has increased its holdings today by 24,000 AAVE (approximately worth $4 million).
By using flash loans, this whale has accumulated 284,000 AAVE over the past 2 years with an average price of $165. During the 10/11 flash crash, their borrowing position was liquidated at a price of $101, resulting in 32,000 AAVE being liquidated (worth $3.22 million).
Currently, the address holds a total of 276,000 AAVE with an average price of $165.
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A certain high-leverage whale went long 4685 ETH with 25x leverage, liquidation price $2628.69
On November 24th, as per the monitoring of OnchainLens, the address "0x184" deposited 1 million USDC into HyperLiquid and initiated a 25x leveraged long position in ETH. The opening price was $2799.01, the liquidation price was $2628.69, and the position size reached 4685 ETH. Before this, the address had engaged in trading of SOL and reaped over $100,000 from it.
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Analysis: Extreme Narrative Predicting the Imminent Burst of the "AI Bubble" Expected to Be Unfounded
November 24th. According to a research report by CITIC Securities, it was judged that the stock market decline on November 20th was driven by macro factors rather than panic selling triggered by the bursting of an AI bubble. The main reason for this pullback was that the September non-farm payroll data exceeded expectations and was combined with hawkish remarks from the Federal Reserve, resulting in profit-taking in the market. In view of the marginal weakening of the US labor market, the December Fed interest rate meeting may mark the peak of the "hawkish panic" sentiment. After that, the market's focus may shift to the nomination game around the new Fed chairman appointed by President Trump.
The fundamental outlook of the AI sector remains solid, with Token index-level growth, ongoing supply chain bottlenecks, strong cash flow from the four major tech giants, and a robust balance sheet. It is expected that the extreme narrative of the "AI bubble" bursting in the short term will be d
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CEX Net Outflow of 211,000 ETH in the Last 7 Days
On November 24th, according to Coinglass data, during the past 7 days, the total net outflow of Ethereum from CEX was 211,000 ETH. The top three CEXs with the largest outflow amounts are as follows:
· Coinbase Pro, with an outflow of 220,300 ETH;
· Kraken, with an outflow of 110,600 ETH;
· Gemini, with an outflow of 31,800 ETH.
In addition, Binance had an inflow of 99,600 ETH and ranked first in the inflow list.
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The 1inch team recently acquired over 26 million 1INCH tokens at an average price of $0.184.
On November 24th, as monitored by AI She, the holdings of the 1inch team have increased by $4.785 million in the past two days, with an average cost of $0.184.
In the past 14 hours, the 1inch Team Investment Fund address once again withdrew 20 million tokens from Binance at an average price of $0.1856, which is approximately worth $3.713 million. The total number of tokens held has now been updated to 111 million, with a value of $20.34 million.
Two days ago, the 1inch Team Investment Fund withdrew 6.01 million 1INCH tokens from Binance, worth $1.072 million, with an average withdrawal price of $0.1785.
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