Trader Increases Bet on Fed to Cut Rates Twice More This Year

On October 25th, according to alternative data, the cryptocurrency fear and greed index for today has increased to 37 (yesterday it was 30), with the average of last week being 23. The "fear" sentiment in the market has been somewhat alleviated. Note: The threshold of the fear index is 0-100, including indicators such as Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends Analysis (10%).

On October 25th, as monitored by Onchain Lens, a whale address that had been dormant for 3 months received 1,030 BTC from FalconX. The value of these bitcoins amounts to $1.1435 billion.

On October 25th, according to Dune Data, the weekly transaction volume of the x402 protocol has witnessed a remarkable 492.63% increase compared to the previous week, reaching 156,492 transactions and setting a brand new all-time high. It is reported that x402 is an open-source payment protocol launched by Coinbase in early 2025. It implements a blockchain-agnostic micro-payment system based on the HTTP 402 status code. The protocol is specifically tailored for AI agents and autonomous payments, enabling instant settlement using stablecoins like USDC, without the necessity of account registration, subscription, or complex signature procedures.

On October 25th, based on GMGN market data, the market capitalization of the x402 Protocol token PING exceeded $57 million earlier in the morning. Currently, it is at $39.57 million. It still shows a 24-hour price increase of 346%, with a 24-hour trading volume of $39.5 million.

On October 25th, as monitored by on-chain data analyst Yu Jin, an address that has been continuously purchasing SOL over-the-counter since the end of April has bought a total of 249,500 SOL (approximately $46.78 million) through the FalconX and Wintermute platforms in just the past 4 days. From the end of April to the present, over the past half year, this address has accumulated a total of 827,000 SOL (approximately $146 million) and has staked all of them, with an average price of $177.