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.

Odaily Planet Daily reports that Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," commented on the October Fed meeting minutes: "At the Fed officials' October meeting, the division deepened regarding whether to cut interest rates next month, leading to growing unease among policymakers (potentially forming a narrow majority) about a December rate cut. Several participants assessed that a further rate cut in December might be appropriate if economic developments met their expectations for the upcoming interim meeting. Many participants indicated that, based on their economic outlook, maintaining the target range unchanged for the remainder of the year might be appropriate. 'Many' implies a larger number than 'several.' The December vote looks set to be very close." (Golden Ten)

According to Huoxun Finance, on November 20th, OKX market data shows that ETH has just fallen below $2900, currently trading at $2898.61 per coin, a daily decrease of 2.51%.

According to Odaily Planet Daily, the minutes of the Federal Reserve's October policy meeting revealed significant disagreement among policymakers regarding last month's rate cut. Despite warnings that the rate cut could hinder efforts to curb inflation—which has remained above the 2% target for the past four and a half years—the decision was ultimately made to lower rates. The minutes stated that "many participants supported lowering the target range for the federal funds rate," but also noted that some members who supported the rate cut were equally accepting of maintaining the current rate. Several officials directly opposed the rate cut, expressing concern that "the Committee's progress toward achieving its 2% inflation target has stalled, and noted that if inflation fails to return to 2% in a timely manner, long-term inflation expectations could rise." The minutes added that "most participants noted that further reductions in the policy rate could exacerbate the risk of persistently high inflation, or be misinterpreted by the market as a lack of commitment to achieving the 2% inflation target." These minutes reflect officials' efforts to reach consensus in the absence of sufficient data: weighing the dual risks of rising inflation and a weak job market, while also warning that a "sharp revaluation" of investment in artificial intelligence could lead to a "disorderly stock market decline." (Golden Ten)

Odaily Planet Daily reports: Federal Reserve meeting minutes: Several officials expect a December rate cut would be appropriate. (Golden Ten)