In the past hour, total liquidations across the network reached $15.09 million, with $11.31 million from long positions, with $3.78 million from short positions. BTC liquidation $4.20 million, ETH liquidation $5.06 million.

According to Huoxun Finance on October 30th, OKX market data shows that BTC has just fallen below $110,000, currently trading at $109,568.70 per coin, a daily decrease of 1.74%. ETH has just fallen below $3,900, currently trading at $3,877.32 per coin, a daily decrease of 1.89%.

Odaily Planet Daily reports that Federal Reserve Chairman Jerome Powell stated that a growing number of Fed officials are prepared to postpone the upcoming interest rate cut. Powell said, "After the last two policy meetings where rates were cut, there was a sense that some officials wanted to take a wait-and-see approach. Now, there is a growing consensus that perhaps we should at least wait one cycle." (Jinshi)

Odaily Planet Daily reports: Federal Reserve Chairman Jerome Powell stated that without new information and if the economic situation appears unchanged, there would be reason to slow the pace of interest rate cuts. (Jinshi)

Odaily Planet Daily reports that Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," commented on Federal Reserve Chairman Jerome Powell's speech, saying, "Powell's press conference indicates that the FOMC, as a whole, does not agree with the market's previous high pricing in a December rate cut." Powell stated, "We have very different views on how to act in December." He emphasized that a December rate cut "should not be seen as a done deal. In fact, it is far from it." This goes beyond their usual disclaimer that "policy does not follow a predetermined path," and is clearly an effort to regain some policy flexibility to avoid being forced to take a specific action. What if there is no government data to help clarify the economic situation? Powell pointed out that this means there is a "very high level of uncertainty, which could be a reason for cautious action." (Jinshi)