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Whale Makes $1 Million Long Position in EUR/USDC, Betting on Weakening Dollar Amid Fed Rate Cut Expectations
Summary: According to Hyperinsight monitoring, on March 12, a whale address starting with 0x133 opened a long position in EUR/USDC with 34x leverage, with a position size of approximately $1.04 million and an average entry price of $1.148, currently facing a floating loss of about 10%. From a macro perspective, this long position may be based ...
According to Hyperinsight monitoring, on March 12, a whale address starting with 0x133 opened a long position in EUR/USDC with 34x leverage, with a position size of approximately $1.04 million and an average entry price of $1.148, currently facing a floating loss of about 10%.
From a macro perspective, this long position may be based on the decrease of about 92,000 non-farm jobs in the US in February, with the unemployment rate slightly rising to 4.4%, indicating a cooling labor market; at the same time, the February CPI increased by about 2.4% year-on-year, suggesting that inflation has not accelerated.
However, the escalating US-Iran geopolitical conflict significantly affects the pace of Fed rate cuts. The whale's decision to heavily invest at this time may be a bet on the marginal weakening of geopolitical risks and even a easing of the conflict. The market's attention is now focused on the early morning Fed interest rate decision on March 19.
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Link: Whale Makes $1 Million Long Position in EUR/USDC, Betting on Weakening Dollar Amid Fed Rate Cut Expectations [Copy]
