「Buddy」 Ethereum Long Liquidation Surges to $480,000, Liquidation Price at $3776

December 18 — Per CME Group’s FedWatch Tool: - Probability the Fed cuts rates by 25 basis points (bps) in January 2024: 24.4% - Probability the Fed holds rates steady: 75.6% For March 2024: - Probability of cumulative 25bps cuts: 44.4% - Probability of holding rates unchanged: 46% - Probability of cumulative 50bps cuts: 9.5%

**December 18** Former President Donald Trump announced via social media Wednesday that he will deliver a prime-time televised address to the nation this Wednesday night at 9 p.m. Eastern Time (10 a.m. Thursday Beijing Time). The address comes at a critical juncture: his first year back in the White House is drawing to a close, with his approval rating slipping and the economy facing headwinds. The White House has confirmed Trump will recap the administration’s 11 months of “historic achievements” and lay out his policy agenda for the next three years—with likely focus on border security and economic issues. (FX Street)

December 18: Bitcoin dropped below $86k this morning, per HTX market data, posting a 1.87% 24-hour decline.

December 18th: A new wallet address minted $12.1 million in USDC on Arbitrum, per MLM Monitor data. It then deposited $5.1 million into Hyperliquid, purchased 113,000 HYPE tokens (~$3 million) and 0.5 BTC (~$43,000). Currently, the wallet is executing a TWAP strategy to buy an additional ~$2 million worth of HYPE over the next 50 minutes, while still holding ~$7 million in USDC on Arbitrum.

On December 18, Coinglass data shows cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $1.052 billion if Bitcoin falls below $85,000. Conversely, cumulative short liquidation intensity on these same major CEXs will reach $371 million if Bitcoin climbs above $88,000. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts set to be liquidated. Instead, the bars on these charts represent the relative importance of each liquidation cluster compared to adjacent clusters — i.e., "intensity." As such, the charts indicate how significantly an asset’s price reaching a specific level will be impacted. A taller "liquidation bar" means the price will face a more intense reaction at that point due to a liquidity cascade.

On December 18, MLM Monitor reported that a crypto whale address recently faced partial liquidation after holding a large long position worth tens of millions of dollars earlier. Liquidated assets include 431,000 HYPE tokens (≈$11.1 million) and 1,960 ETH (≈$5.6 million). The wallet still holds long positions of 1.726 million HYPE tokens (≈$44.6 million) and 7,841 ETH (≈$22.3 million). Additionally, the whale maintains long positions in XRP and ETH with a notional value of ~$230 million in a separate account.