In the past hour, total liquidations across the network reached $27.85 million, with $25.24 million from long positions, with $2.61 million from short positions. BTC liquidation $11.18 million, ETH liquidation $9.67 million.

According to Huoxun Finance, on November 20th, OKX market data shows that BTC has just fallen below $89,000 and is currently trading at $88,951.10 per coin, down 1.11% on the day.

Odaily Planet Daily reports that after the U.S. Bureau of Labor Statistics announced it would not release its October jobs report, traders expect the Federal Reserve to be more likely to hold off on rate cuts at its December policy meeting. A sell-off occurred in the federal funds futures market after the Bureau of Labor Statistics confirmed there was insufficient data to release the report. Traders reduced their expectations for a 25-basis-point rate cut at the December 10 meeting. They now expect the Fed to keep the benchmark interest rate in the 3.75% to 4% range. The swap market, which links to the Fed's policy rate, is currently pricing in only a 6-basis-point rate cut at the December meeting, and only a 19-basis-point cut by January. Before Wednesday, the swap market was pricing in 11 basis points, implying a roughly 50/50 chance of a rate cut within three weeks. Leah Traub, portfolio manager at Lord Abbet, said, "We already knew there wouldn't be an October unemployment rate report, but the November data won't be released until after the Fed meeting, which should be disappointing news for the market. Given the division within the Federal Open Market Committee, this reduces the likelihood of a rate cut." (Jinshi)

According to Odaily Planet Daily, Polymarket's prediction of the Federal Reserve maintaining interest rates unchanged in December has risen to 66%, with total trading volume reaching $119 million. Market data shows that BTC briefly fell below $89,000 and ETH fell below $1,900. In the past hour, $163 million in positions were liquidated across the network, mainly long positions.

In the past hour, total liquidations across the network reached $162.34 million, with $157.86 million from long positions, with $4.47 million from short positions. BTC liquidation $43.01 million, ETH liquidation $83.86 million.