🔴 The red color dominates the crypto market
📉 General developments
The total crypto market capitalization falls below the $3T mark
BTC retreats to around $86K, ETH to $2.9K
Most altcoins are drowning in red
⚠️ Liquidations increase
In the past 12 hours, about $529M has been liquidated
91% are Long positions, indicating that active selling pressure is prevailing
🏛 Pressure from macroeconomic factors
The probability of Kevin Hassett replacing Powell as Fed Chair continues to decline sharply
Kevin Warsh is emerging as a more promising candidate
According to CNBC, the group close to President Trump prioritizes a candidate with a more independent stance than Hassett
⏰ Important data tonight
8:30 PM: The US announces Nonfarm Payrolls combined for October & November
• Additional jobs: ~50,000 (forecast)
• Unemployment rate: 4.5%
→ Reflects a cooling labor market, which could significantly impact interest rate expectations and risk sentiment
📌 Note:
Short-term volatility is likely not over until macro data is released. Maintain discipline and manage risk.$BTC
