Bitcoin Withdrawal Continuation, CEX Net Outflow of 5938.19 BTC in the Last 24 Hours

On November 23rd, based on Coinglass data, if Ethereum surpasses $2900, the cumulative short liquidation intensity on mainstream CEX will amount to $531 million. Conversely, if Ethereum drops below $2700, the cumulative long liquidation intensity on mainstream CEX will reach $988 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the target price will be influenced when it reaches a specific level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity avalanche.

On November 23rd, U.S. Treasury Secretary Yellen said, "The government shutdown has led to a permanent loss of $11 billion to the U.S. GDP." (Gold Ten)

On November 23rd, according to HTX market data, with Bitcoin surging beyond $87,000, the altcoin market witnessed a recovery. These include: PIPPIN is currently priced at $0.0577, having increased by over 148% in the past 24 hours; TNSR is currently priced at $0.1537, with a rise of over 49% in the past 24 hours; FARTCOIN is currently priced at $0.2304, up by over 22% in the past 24 hours; DYM is currently priced at $0.1219, having gone up by over 21% in the past 24 hours; MAV is currently priced at $0.0313, with a gain of over 20% in the past 24 hours.

On November 23, U.S. Treasury Secretary Yellen declared that the overall economy is not in a state of being at risk of a recession. (Xinhua News Agency)

Update: On November 23rd, based on HTX market data, Bitcoin surpassed $87,000 with a 24-hour price increase of 3.49%.

On November 23rd, the research report of CITIC Securities pointed out that the volatility surface of global risk assets is a liquidity issue. Fundamentally, it is due to the over-reliance of risk assets on a single AI narrative. When the development speed of the industry (especially commercialization) cannot keep up with the pace of the secondary market, a proper valuation adjustment is also a way to relieve risks. The expansion of AI commercial scenarios, the price cuts on the cost-side hardware, and the rising financial stability risks forcing the Fed to cut rates early can all break the current stalemate. (FX678)