What Is $WATER

On August 20, according to TradingBeats (formerly Hyperinsight), as BTC rebounded, the whale address bc1qsy sold another 2,000 BTC early this morning, valued at approximately $136.5 million. Over the past month, this address has sold a total of 9,513 BTC, with a total value of about $623.4 million.

On August 20, according to TradingBeats (formerly Hyperinsight), as BTC rebounds, the whale address bc1qsy sold another 2,000 BTC early this morning, valued at approximately $136.5 million. Over the past month, this address has sold a total of 9,513 BTC, with a total value of about $623.4 million.

On August 20, Goldman Sachs Chief Economist Jan Hatzius stated in a recent commentary that the market's pricing for a September FOMC rate hike remains hawkish. The firm assesses that unless there is a significant reversal in the August data released in early September, the likelihood of a rate hike at the Fed's meeting on September 15-16 is already 'very low.' Reasons provided by Goldman include: a noticeable slowdown in job growth, cooling consumer momentum, and a more likely continued improvement in inflation trends. From Goldman’s perspective, recent data is weakening the case for a rate hike. Reportedly, potential job growth in the US for July was only about 5,000, below the level needed to maintain balance in the labor market; weak retail sales suggest that consumer growth may slow to 1% to 1.5% in the second half of the year; and core PCE inflation is still expected to gradually decline, approaching the 2% target by 2027. Hatzius believes that after two consecutive months of soft employment and inflation data, the threshold for dovish committee members to support a rate hike will be very high. However, the Fed's meeting minutes introduced new disturbances to the market. The minutes from the July meeting, released in the early hours of August 20 Beijing time, indicated that the number of officials supporting further tightening had increased since June, with several officials suggesting that if inflation does not continue to cool, higher rates may still be needed in the future. This makes it difficult for the market to directly bet on a 'Goldman-style easing interpretation,' and short-term rates and tech stock valuations will continue to be affected by fluctuating policy expectations.