In the past hour, total liquidations across the network reached $217.73 million, with $207.02 million from long positions, with $10.72 million from short positions. BTC liquidation $95.97 million, ETH liquidation $65.47 million.

CoinVoice has learned that as November 4th marks the 35th day of the US federal government shutdown, tying the record for the longest shutdown in US history. For the past 30-plus days, the Democratic and Republican parties have been deadlocked, failing to pass a temporary funding bill proposed by the Republicans in 13 votes in the Senate. The Senate is scheduled to hold its 14th round of voting today (November 4th). The Congressional Budget Office recently stated that, depending on the length of the shutdown, the annualized growth rate of US real GDP in the fourth quarter is expected to decline by one to two percentage points. This means that a four-week shutdown would cost the US economy $7 billion; a six-week shutdown would cost $11 billion; and an eight-week shutdown would cost as much as $14 billion.

According to data from Coinglass, as reported by Odaily Planet Daily, $1.271 billion in positions were liquidated across the entire network in the past 24 hours, with $1.136 billion in long positions and $135 million in short positions. Of this, $365 million in BTC and $323 million in ETH were liquidated in the past 24 hours.

According to OKX market data, BTC has fallen below 105,000 USDT and is currently trading at 104,994 USDT, a 24-hour drop of 2.43%. (This news item was generated with AI assistance.)

According to Odaily Planet Daily, Coinglass data shows that $128 million in positions were liquidated across the network in the past hour, including $123 million in long positions and $4.6068 million in short positions.