Overview of Important Developments on the Evening of May 14

Data: In the past 24 hours, total liquidations across the network reached $288 millions, with long positions liquidated for $163 millions and short positions for $125 millions.

President of the European Central Bank: Interest rates are at an appropriate level

U.S. stocks closed three hours early due to the Thanksgiving holiday, with the three major indexes collectively rising for the fifth consecutive trading day.

Data: If ETH falls below $2,886, the cumulative long liquidation intensity on major CEXs will reach $1.206 billions