[A Whale Goes Long on EUR/USDC with $1 Million, Betting on a Weaker Dollar Amid Fed Rate Cut Expectations] BlockBeats News, March 16: According to monitoring by Hyperinsight, on March 12, a whale address starting with 0x133 opened a long position on EUR/USDC with 34x leverage. The position size is approximately $1.04 million, with an average entry price of $1.148. The current unrealized loss is about 10%. From a macroeconomic perspective, this long position may be based on the U.S. February non-farm payrolls decreasing by approximately 92,000, with the unemployment rate slightly rising to 4.4%, indicating signs of a cooling labor market. Meanwhile, February's CPI year-over-year increase was around 2.4%, suggesting that inflation has not re-accelerated. However, the ongoing escalation of geopolitical tensions between the U.S. and Iran has significantly impacted the Fed's pace of rate cuts. The whale's decision to take a heavy position at this time may reflect a bet on the marginal easing of geopolitical risks or even a potential de-escalation of the conflict. The market's attention is now focused on the Federal Reserve's interest rate decision in the early hours of March 19.