PANews reported on November 2nd that, according to on-chain analyst Yu Jin, an address that purchased ASTER on CZ added to its short position of ASTER worth $28.8 million, currently showing a floating profit of $1.29 million. He currently holds a short position of ASTER worth $50.62 million, with an opening price of $1.2 and a liquidation price of $2.08. He started shorting 18.55 million ASTER four days ago, and today, after CZ's "market recommendation," added to his short position of 24.41 million ASTER. He also shorted DOGE/ETH/XRP/PEPE and other coins, with a total floating profit of $7.86 million.PANews reported on November 2nd that, according to on-chain analyst Yu Jin, an address that purchased ASTER on CZ added to its short position of ASTER worth $28.8 million, currently showing a floating profit of $1.29 million. He currently holds a short position of ASTER worth $50.62 million, with an opening price of $1.2 and a liquidation price of $2.08. He started shorting 18.55 million ASTER four days ago, and today, after CZ's "market recommendation," added to his short position of 24.41 million ASTER. He also shorted DOGE/ETH/XRP/PEPE and other coins, with a total floating profit of $7.86 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