In the past hour, total liquidations across the network reached $10.30 million, with $8.05 million from long positions, with $2.24 million from short positions. BTC liquidation $1.47 million, ETH liquidation $2.94 million.

According to Huoxun Finance, Republican lawmakers in the United States are accelerating the passage of a new version of the ARMA Act, hoping to sign it while the Republicans still control both houses of Congress. The bill advocates for the establishment of a national Bitcoin reserve in the United States, with a long-term plan to hold approximately 5% of the global circulating Bitcoin supply. Market sources indicate that Republicans are attempting to elevate the strategic Bitcoin reserve to the level of national financial and geopolitical competition, arguing that the United States should seize a dominant position in the global digital asset system. If the bill ultimately passes, the US government may become one of the world's largest Bitcoin holders, further reinforcing the narrative of BTC as "digital gold" and a sovereign reserve asset.

Odaily Planet Daily reports that US Republican lawmakers are accelerating the passage of a new version of the ARMA Act, hoping to sign it while the Republicans still control both houses of Congress. The bill advocates for the establishment of a national Bitcoin reserve and plans to hold approximately 5% of the global circulating Bitcoin supply long-term. The report states that Republicans are attempting to elevate the strategic Bitcoin reserve to the level of national financial and geopolitical competition, arguing that the US should seize a dominant position in the global digital asset system. If the bill passes, the US government could become one of the world's largest Bitcoin holders, further reinforcing the narrative of BTC as "digital gold" and a sovereign reserve asset. (Bitcoin News)

According to Coinglass data, $369 million in positions were liquidated across the entire Bitcoin network in the past 24 hours, including $74.6492 million in long positions and $294 million in short positions. Specifically, $5.9479 million in Bitcoin long positions were liquidated, and $127 million in short positions; for Ethereum, $14.2921 million in long positions were liquidated, and $73.2958 million in short positions were liquidated.

According to Onchain Lens monitoring, a whale has opened a 25x leveraged long position in GOLD, currently valued at $12.6 million. The whale also holds a 20x leveraged short position in crude oil, currently showing a floating profit of over $324,000.