PANews reported on September 18th that according to Lookonchain data, despite two failed attempts to short BTC in the past 15 hours, the whale address 0xa523 continued to open a new short position of 194 BTC (approximately $22.74 million). This address has accumulated losses of over $45 million in trading over the past month, surpassing other traders to become the largest loser on the Hyperliquid platform.


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
