PANews reported on February 19th that, according to on-chain analyst Ai Yi (@ai_9684xtpa), a new address 0x44f…8C91A sold 886.31 WBTC on-chain in the past 5 hours, worth $58.53 million, with an average selling price of $66,044.99. The funds came from Defiway cross-chain six months ago and were sold by dozens of addresses in a unified manner six hours ago.



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