PANews reported on December 18th that, according to AI Aunt's monitoring, the "insider who opened short positions after the 1011 flash crash" has again increased his long positions in Ethereum (ETH), currently holding 203,340.64 ETH, with a total value of approximately $578 million, and an average opening price of $3,147.39. The account currently has a floating loss of $61 million, with a total position value of approximately $697 million and a total floating loss of $69.42 million.



Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more