BTC falls below 75,000 USDT, down 3.44% in 24H

Odaily reports: According to Odaily monitoring, a certain address increased its ETH short position by about $3.18 million, currently holding a short position of 6,543.11 ETH, with a position value of approximately $14.56 million. Its contract account has accumulated profits of approximately $21.77 million.Address: 0xfc27136e42af1732ddc9ce2605ea9bff1b959d9d; Total PnL: profit of approximately $21.77 million

Odaily reports, according to Coinglass data, that in the past hour, $73.3947 million was liquidated across the network, with long positions liquidated to the tune of $53.1487 million and short positions liquidated to the tune of $20.246 million.Among these, BTC liquidations alone amounted to $35.72 million.

Odaily reports, according to OKX market data, BTC has fallen below 75,000 USDT and is now trading at 74,966.6 USDT, with a 24H decline of 3.44%.

Odaily: The preliminary November U.S. 1-year inflation expectations reading came in at 4.3%, versus the 4.7% expected and the previous reading of 4.70%.

According to MSX.COM data, the Nasdaq's gain expanded to 2%, and the S&P 500 Index rose 1.1%. The Philadelphia Semiconductor Index rose 6.8%, AMD (AMD.O) rose 13%, and SanDisk (SNDK.O) rose 12%.

Odaily reports: The U.S. Department of Labor's final rule aimed at facilitating the inclusion of alternative assets such as private equity, real estate, and cryptocurrencies in retirement plans was sent to the White House Office of Information and Regulatory Affairs (OIRA) for review on Thursday and is currently still under review. The Department of Labor published the related proposal on March 30, stipulating that fiduciaries can obtain legal safe harbor protection when they satisfy six factors: investment performance, fees, liquidity, valuation, performance benchmarks, and complexity.