In the past hour, total liquidations across the network reached $10.21 million, with $8.31 million from long positions, with $1.90 million from short positions. BTC liquidation $2.19 million, ETH liquidation $3.44 million.

Huoxun Finance reported on February 8th that, according to Jinshi citing 21st Century Business Herald, a closed-door seminar on policy prospects for the National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) was recently held at the Beijing Advanced Research Institute of Jiangxi University of Finance and Economics. The meeting was chaired by CPPCC member Yin Yanlin, and Li Chungen, Vice President of Jiangxi University of Finance and Economics, attended and delivered a speech. Experts at the meeting suggested the following: First, fiscal policy should play a greater regulatory role this year, with the deficit ratio higher than or at least no lower than last year, increasing the scale of national debt issuance, and expanding the overall expenditure. Second, given the current high actual financing costs, a significant overall interest rate cut should be implemented to stimulate investment and consumption, at least 50 basis points throughout the year, while better utilizing the space for reserve requirement ratio (RRR) cuts. Third, the coordination between fiscal and monetary policies should be strengthened, the role of new financial policy tools should be better utilized, and their scale should be appropriately expanded to achieve a leverage effect on investment. Fourth, to stabilize investment, boost consumption, and restore the basic conditions for effective credit issuance as soon as possible, it is necessary to increase efforts to stabilize the real estate market.

Huoxun Finance reported on February 8th that Chaitanya Jain, Bitcoin strategy manager at Strategy, stated on the X platform, "We will never stop buying Bitcoin." He previously stated that Strategy is not a trader, does not speculate, does not attempt to time the market, does not conduct technical analysis, does not draw lines on charts, and buys and holds for the long term.

Odaily Planet Daily reports that U.S. Treasury Secretary Bessant stated that gold appears to be experiencing a typical speculative sell-off; he sees the cyclical components of the market in an expansionary phase; and he expects the Federal Reserve will not take any swift action on its balance sheet. He believes Warsh will remain very independent. (Golden Ten)

According to Lookonchain monitoring, five hours ago, two newly created addresses, 17oiCa (17oiCa...fQdZ) and 0x929f (0x929f...faE9), withdrew 3,500 BTC (worth $249 million) and 30,000 ETH (worth $63 million) from Binance.