JPMorgan: Ethereum Ecosystem Stablecoin Scale Continues to Grow, Driving Continued ETH Upside

On August 15th, based on the profit screenshot of Whale's "Top 10 Big Goals" shared at 2:39 this morning, its short position in Bitcoin has a floating profit of more than $5 million, and its short position in Ethereum has a floating profit of more than $1.28 million.

On August 15th, according to on-chain data, "Brother Whale" Huang Licheng took a long position on Bitcoin. He used 40x leverage to go long 25 BTC at an entry price of $118,154.40. The unrealized loss of his Ethereum long position expanded to $2.44 million, and the liquidation price was $2,896.46.

On August 15th, Federal Reserve's Bostic remarked that a 4.2% unemployment rate is not a negative figure. The unemployment rate has remained very steady, with the deceleration of job growth aligning with the slowdown in labor force growth. The initial employment data is more astonishing compared to the revised data. Businesses have been curbing their hiring, so even in the face of cost pressures, there may not be much scope for layoffs. Given wage growth and employment, the underlying momentum of households still appears to be robust. (FXStreet)

On Thursday, August 15th, the U.S. Bureau of Labor Statistics (BLS) released a report. It showed that wholesale prices rose significantly more than expected in July, driven by a surge in profit margins. This may indicate that inflation still poses a threat to the U.S. economy. Service inflation was a key factor in the overall increase in the Producer Price Index (PPI). Service prices rose by 1.1% in July, which was also the largest increase since March 2022. The report indicated that although there was weak demand in the first half of this year, businesses are adjusting the pricing of goods and services to help offset the costs associated with U.S. tariff increases. How much of the tariff costs businesses pass on to consumers will be a key factor in shaping future interest rate trends. Due to Trump's policies, especially the economic uncertainty brought about by tariff policies, businesses have reduced the number of new hires. However, the relatively low initial claims numbers sugges

On August 15th, according to Coinglass data, the liquidation volume of Ethereum in the past 4 hours reached $56.9848 million. During the same period, the liquidation volume of Bitcoin was $19.666 million. Within the past 4 hours, the total network liquidation was $121 million. The long liquidations totaled $107 million, and the short liquidations amounted to $13.8016 million. Over the last 24 hours, a total of 221,187 people were liquidated globally, with a total liquidation amount of $1.055 billion. The largest single liquidation took place on OKX - ETH-USDT-SWAP, with a total of $6.2469 million.

On August 15th, according to HTX market data, Ethereum briefly fell below $4,500. It is now rebounding to $4,537, with a 24-hour decrease of 3.81%.