In the past hour, total liquidations across the network reached $11.81 million, with $10.89 million from long positions, with $916,736.78 from short positions. BTC liquidation $531,196.68, ETH liquidation $1.37 million.

According to Odaily Planet Daily, Zach Pandl, Head of Research at digital asset management firm Grayscale, stated that the structural adoption trend of Bitcoin continues, the current bear market has entered a deeper phase, the overall macroeconomic outlook is favorable, and three factors may provide entry points for long-term investors, but prices may still fall. Grayscale points out that Bitcoin adoption growth is mainly driven by government deficits, the expansion of blockchain applications in financial services, and generational changes in investor asset allocation. The current bear market has lasted for 10 months, close to the average and median duration of 11 to 12 months in the previous four cyclical bear markets. Macroeconomic risks mainly depend on real interest rates and Federal Reserve policy. The Federal Open Market Committee maintained the federal funds rate at 3.5% to 3.75% in July, and future rate hikes could further depress Bitcoin; Bitcoin rose to $79,461 on August 21, before falling back to around $77,000. (Bitcoin.com News)

According to Odaily Planet Daily, Brian Armstrong posted on the X platform that agents can now trade derivatives in the United States.

Odaily Planet Daily reports that an anonymous whale sold a total of 7,700 bitcoins between August 19th and 22nd, worth approximately $577 million at current prices. This includes a single sale of 2,700 bitcoins earlier today, worth approximately $212 million. Bitcoin rose to $79,500 this week before falling back to around $77,000, a weekly increase of over 20%, approaching $80,000. This sale occurred after a large holder accumulated approximately 43,000 bitcoins over the past 60 days. Another whale sold 7,513 bitcoins in the three weeks ending August 9th, worth approximately $487 million. The U.S. Treasury announced that starting September 9th, it will increase the size of its long-term Treasury bond repurchase operations from at least $2 billion per transaction to at least $4 billion. (Bitcoin.com News)

In the past hour, total liquidations across the network reached $18.23 million, with $16.07 million from long positions, with $2.16 million from short positions. BTC liquidation $26,556.57, ETH liquidation $715,603.58.