In the past hour, total liquidations across the network reached $12.01 million, with $10.68 million from long positions, with $1.33 million from short positions. BTC liquidation $173,494.35, ETH liquidation $495,417.67.

Odaily Planet Daily reports that Binance founder Changpeng Zhao (CZ) stated at Bitcoin Asia that Bitcoin may surpass gold in the next bull market, with the current market capitalization gap between the two being approximately 10 times. Ricardo Salinas Pliego estimates that if Bitcoin reaches the total market capitalization of gold, its price could be around $1.86 million. He pointed out that if Bitcoin becomes a strategic reserve asset for various countries, its importance may exceed that of gold; however, central banks and governments have already established systems for valuing, storing, and managing gold, and a shift to Bitcoin will take time. Glassnode data shows that the 90-day correlation between Bitcoin and gold has risen from 0.21 in March to approximately 0.57, while the correlation with the Nasdaq 100 index has decreased from 0.57 to 0.22; other estimates indicate that its correlation with gold is approximately 0.59, the highest level since 2020. (Bitcoin.com News)

Odaily Planet Daily reports that DeFi Development Corp. has announced the completion of an $11 million CHAD preferred stock offering, with Fundstrat's Tom Lee participating in the subscription. The company stated that this offering is the first digital credit instrument powered by Solana. Its CEO, Joseph Onorati, stated that Bitcoin has proven the huge market demand for digital credit.

MyToken data monitoring shows that on 【September 9th, 01:50】 (Beijing Time), an address starting with 【0x55fe】 transferred 【98000000 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【98.01 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

Bitcoin briefly fell below $78,000 on Tuesday, hitting a low of $77,603, before recovering to around $78,600. As of 11:20 AM ET on Tuesday, its market capitalization was approximately $1.58 trillion. The recent price volatility triggered $79 million in Bitcoin position liquidations, with long positions accounting for about 90%. Total cryptocurrency liquidations across the network reached $264 million, including $187 million in long positions and $77 million in short positions. The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) and Consumer Price Index (CPI) on Thursday and Friday, respectively. (Bitcoin.com News)