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🚨According to Coinglass data, liquidation of $ 595 million took place in futures transactions in the last 24 hours. •75% of these ($446 million) are long positions. •A total of 207,117 people were liquidated. #Btc $BTC
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Fed Monetary Policy Report; -Labor supply and demand are similar to the pre-pandemic period, when the labor market was relatively tight but not overheated. -There has been moderate progress in inflation this year, but more confidence is still needed before moving on to interest rate cuts. -Liquidity remains at an adequate level in most national banks. -Financial conditions seem a bit restrictive in general and the pace of bank loans is also a bit slow. Valuations are high relative to fundamentals across major asset classes. #Btc #fed $BTC
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🚨According to Lookonchain data, the German government, the US government and MtGox have transferred a total of 17,788 BTC ($1.08 billion) since June 19. •The German government continues to transfer BTC every day since July 1. #Btc #MtGox $BTC
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Summary of Fed's Williams' Latest Statements on Inflation: • Although inflation remains high, the Fed is making progress toward meeting its long-term goal of 2%. • Williams expects inflation to fall to 2% by 2025. • It did not give a clear timeline for interest rate cuts and increases due to economic uncertainties. #Fed #btc $BTC
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German Government Continues to Sell Bitcoin: They Sold 9,000 of 50,000 BTC. US Average Hourly Earnings (Monthly) (Jun) Announced: 0.3% Expectation: 0.3% Previous : 0.4% US Nonfarm Employment (Jun) Announced: 206K Expectation: 191K Previous : 272K US Unemployment Rate (Jun) Explained: 4.1% Prediction: 4.0% Previous: 4.0%
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