In the past hour, total liquidations across the network reached $10.79 million, with $10.38 million from long positions, with $406,117.96 from short positions. BTC liquidation $7.72 million, ETH liquidation $230,707.11.

According to Odaily Planet Daily, OKX market data shows that BTC briefly fell below 88,000 USDT, currently trading at 87,997.8 USDT, with the 24-hour gain narrowing to 0.93%. (This news item was generated with AI assistance.)

According to minutes released Tuesday, some Federal Reserve officials expressed reluctance to support further monetary easing in the near term when the Fed decided to cut interest rates at its meeting this month, suggesting that further rate cuts may face resistance at its next meeting in January. The minutes indicated that the decision to cut rates became increasingly difficult as inflation persisted longer than the Fed had anticipated. Since the December meeting, more economic data has been released, showing that strong consumer spending has helped drive robust economic growth, despite a slight increase in the unemployment rate. New data scheduled for release next month may reshape the thinking of Fed officials ahead of their rate meeting in late January. (Jinshi)

According to Joshua Gibson, an analyst at the financial website Fxstreet, the Federal Reserve released the minutes of its final interest rate decision of the year, confirming that FOMC members were willing to consider further rate cuts. However, the minutes did not reveal much other significant information. The Fed's stance is tilting towards a dovish position, with most policymakers willing to explore the possibility of further rate cuts. However, the Fed's policy adjustments still depend on weak inflation data, rather than a lack of inflation data. (Jinshi)

According to the latest minutes of the Federal Reserve meeting, the FOMC agreed to cut interest rates at its December meeting, but engaged in a deep and detailed debate regarding the risks currently facing the U.S. economy. The minutes indicate that, given the various risks to the U.S. economy, even some officials who supported the rate cut acknowledged that "this decision was the result of weighing the pros and cons, or they might have supported maintaining the target interest rate range unchanged." Some participants stated that, based on their economic outlook, following this meeting's reduction of the interest rate range, it might be necessary to maintain the target interest rate range unchanged for some time. The minutes also show that if inflation declines gradually as expected, most officials believe further rate cuts are appropriate. The minutes continue to demonstrate the divisions among Fed officials and highlight the difficulty they faced in making recent decisions. This is an unusual outcome for the Fed, and this situation has occurred for two consecutive meetings. (Jinshi)