Crypto Trader Invests $15M in BTC, SOL, HYPE, and PUMP

A trader placed bullish bets on major cryptocurrencies amid a market decline, liquidating leveraged positions worth $1.5 billion.
An address, "0x50dE6ef4D11B263DC2e4547602E963355E17dC81," invested $15 million in USDC via Hyperliquid, targeting https://holder.io/coins/btc/, https://holder.io/coins/sol/, HYPE token, and PUMP.
This move suggests some traders view the market dip as an opportunity for potential rebounds, rather than a prolonged downturn.
In the past 24 hours, Bitcoin's price dropped over 2%, falling below $113,000, leading to a market value decrease to $2.25 trillion.
The decline is attributed to the dollar's strength post-Fed rate cuts, impacting the options market with bearish sentiments.
Market volatility may rise as Federal Reserve policymakers, including Chairman Jerome Powell, are set to speak soon.
The upcoming Personal Consumption Expenditures (PCE) inflation report will provide insights into inflation trends, influencing potential future rate decisions.
The FTX bankruptcy recovery trust will distribute $1.6 billion to creditors on Sept. 30 through platforms like BitGo, Payoneer, or Kraken, offering relief to affected stakeholders.