According to Huoxun Finance, a total of $129 million in positions were liquidated across the entire internet in the past 24 hours, including $70.2555 million in long positions and $58.5215 million in short positions. Specifically, $8.7131 million in Bitcoin long positions were liquidated and $22.8726 million in short positions; $30.6072 million in Ethereum long positions were liquidated and $15.4865 million in short positions.

According to the latest data from Huoxun Finance, the current average funding rate for BTC across the entire network over the past 8 hours is -0%; among major exchanges, Binance's rate is 0.0019%, OKX's rate is 0.0021%, Bybit's rate is 0.0017%, and Gate's rate is 0.0001%.

According to Axios, US President Trump stated in a phone interview that the US is engaged in "deep negotiations" with Iran and hopes to reach an agreement before Tuesday's deadline. "The chances of reaching an agreement are very high, but if they don't, I will destroy everything there," he said. When asked if he was worried about harming innocent civilians, Trump said he believed Iranians opposed to his government would support such strikes to weaken the regime. In the approximately eight-minute phone interview, Trump stated that his special envoys, Witkov and Kushner, were conducting intensive negotiations with the Iranian side. Two sources involved in the negotiations said communication was being conducted both through intermediaries such as Pakistan, Egypt, and Turkey, and through text messages between Trump's advisors and Iranian Foreign Minister Araghchi. "The negotiations are progressing well, but dealing with the Iranians is never a long way off," Trump said. He also stated that the two sides were close to reaching an agreement to hold direct talks a few days earlier. "But they said they would meet again in five days. I asked, why five days? I felt they weren't serious enough. So I attacked that bridge," Trump said. (Jin Shi)

In the past hour, total liquidations across the network reached $10.36 million, with $762,473.42 from long positions, with $9.60 million from short positions. BTC liquidation $3.48 million, ETH liquidation $3.96 million.

According to Huoxun Finance, Middle East scholar Mohammad Ali Shabani stated that US President Trump is prepared to carry out his threat to strike key Iranian infrastructure, which risks a serious escalation of the regional situation. Iran, in turn, is sending a signal to the US that it will not back down by attacking Kuwaiti infrastructure. He added that the current situation resembles a standoff, with neither side having a path to a graceful exit, and the possibility of a serious escalation in the region within the next 24 hours is high.