News

According to Jinse Finance, on-chain analyst @ai_9684xtpa monitored that the "Iron-Headed Bulls," who have gone long 36 consecutive times between 11.03 and 11.26, opened three long positions in ETH/SUI/FARTCOIN three hours ago, with a total position of $20.28 million and an unrealized profit of $188,000. Among them, the ETH position is valued at $9.39 million (holding 3,000 coins), with an entry price of $3,116.98.

Jinse Finance reported that European Central Bank Executive Board member Schnabel agreed with investors' bets that the ECB's next move would be a rate hike. Schnabel stated that borrowing costs are already at a level that will remain appropriate for some time unless new shocks occur, and that consumer spending, corporate investment, and significant government spending on defense and infrastructure will continue to boost the economy. The German hawk pointed out that economic and inflation risks are tilted to the upside. She hinted that at the December meeting, new economic growth forecasts might be revised upward, and analysts expect the deposit rate to be maintained at 2% for the fourth time. Schnabel is the first ECB policymaker to explicitly state that borrowing costs have not only reached an "appropriate level" (a point repeatedly emphasized by President Lagarde and other ECB officials) but have actually reached the lower bound. (Golden Ten Data)