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Market trend
1. In the past 24 hours, the cryptocurrency market experienced a total liquidation of $167 million, with short positions accounting for $99 million. The total liquidation amount for BTC was $72 million, and for ETH, it was $26 million.
2. U.S. stocks: The Dow Jones Industrial Average rose 0.67%, the S&P 500 Index rose 0.69%, and the Nasdaq Composite Index rose 0.82%.
3. Bitget BTC/USDT liquidation map shows: the current price is around 90,982 USDT, with a concentrated area of high leverage long positions below at 89,300–90,500 USDT. If it breaks below, it may easily trigger a series of long liquidations. The main concentration of short positions above is in the range of 92,000–93,000 USDT. If this range is broken, it will trigger large-scale short liquidations, pushing the price further upwards.
4. In the past 24 hours, BTC spot inflow was $0.85 million, outflow was $1.11 million, with a net outflow of $0.26 million. #十二月降息预测