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BlockBeats News, February 1, "Fed Whisperer" Nick Timiraos recently published an article stating that Federal Reserve Chairman Jerome Powell once again refused to disclose at this week's FOMC meeting whether he would remain on the Federal Reserve Board after his chairmanship ends on May 15. Nick Timiraos analyzed that the reason Powell has this option is because his term as a Federal Reserve Board member does not expire until 2028. If Powell chooses to stay at the Fed, then Milan would lose his seat. In this way, it would deal a major blow to Trump's attempt to "manipulate" the Fed. Therefore, Powell's decision is his last card to counter the government, and also his only bargaining chip.

According to ChainCatcher, citing data from Coinglass, the total liquidations across the network in the past 24 hours reached $2.557 billions, with long positions liquidated amounting to $2.39 billions and short positions liquidated totaling $168 millions. Among them, bitcoin long positions were liquidated for $730 millions, and bitcoin short positions for $48.8268 millions. Ethereum long positions were liquidated for $1.079 billions, and ethereum short positions for $68.9327 millions.

According to Odaily, this week's sharp decline in gold and silver began with reports that Trump would nominate Warsh as the new chairman of the Federal Reserve. Dirk Malachy, Managing Director of SLC Management, stated that Warsh's resume has a hawkish tone, which reduces the risk of a broad depreciation of the US dollar. The market is returning to an orderly monetary policy track. In addition, analysts mentioned that traders taking quick profits at the end of the month, or banks hedging to guard against the impact of sudden declines, may also have contributed to this precious metals sell-off. Adrian Ash, Head of Research at BullionVault, said he has been involved in the precious metals market for 20 years and has never seen a situation like this. However, he downplayed the possibility of retail investors suddenly withdrawing funds on Friday, and pointed out similar abnormal trends in basic metals markets, such as copper futures falling 4.5% on Friday. Ash also said that if you only look at gold and silver, it is easy to say this is retail investor frenzy, but there is no retail participation in the basic metals market. (Golden Ten Data)