Odaily reported that QCP posted on its official channel that last weekend, a BTC whale opened a $400 million BTC short position, which caused market volatility on Sunday. Some groups tried to force the liquidation of this 40x leveraged position, which could be achieved with only a 2.5% price change. Despite these efforts, the position has not been liquidated and has already paid nearly $400,000 in funding fees. Although the market sentiment was rather turbulent, BTC remained above $80,000, showing resilience compared to the US stock market. In contrast, US stock index futures opened lower this morning, affected by growing concerns about an economic recession. Earlier, US Treasury Secretary Scott Bessent stated that the possibility of a recession cannot be ruled out, consistent with previous statements by Trump. The market will focus on the release of US retail sales data tonight to determine whether the 0.9% decline in retail sales in January is an early sign of slowing consumer spending or just a correction after the strong holiday season in 2024. Due to the lack of a strong narrative driving the crypto market, the focus remains on the US stock market. Last week, US CPI data came in lower than expected, briefly easing market tensions, but the Fed is unlikely to turn dovish in the near term. As tariff risks and inflation concerns persist, rate cut expectations remain uncertain. Therefore, we expect the Fed to keep rates unchanged at its FOMC meeting this Wednesday. However, as the market is looking for any clues about the Fed's future policy direction, especially amid the uncertainty surrounding changes in Trump's policies, market volatility is expected to remain elevated.