A trader established Bullish bets in major cryptocurrencies on Monday when the crypto market fell and liquidated geared positions worth $ 1.5 billion.
An address labeled “0x50DE6F4D11B263DC2E4547602E963355E17DC81” implemented $ 15 million in USDC on Hyperliquid and took positions across Bitcoin Solana Hyperliquids hype Token and pump, according to Blockchain Sleuth Lookonchain.
This significant effort highlights how some market participants place themselves to take advantage of potential market information and consider the withdrawal as a first -class purchase opportunity rather than a sign of sustained downturn.
The Cryptocurrency Market has come under pressure over the last 24 hours, with Bitcoin falling over 2% below $ 113,000, a step that has seen its market value fall to $ 2.25 trillion, according to data source trading.
The weakness follows the dollar’s resilience after Wednesday’s Dovish Fed-Rentes cut and has strengthened the post-fed Bearishness in the option market.
Market volatility is expected to rise in the coming days, as more Federal Reserve politicians, including President Jerome Powell, are scheduled to speak. Adding to market uncertainty, the very important expenses of personal consumption (PCE) Inflation report is set to release this Friday, providing critical insight into inflation trends and informing potential future rate movements.
In parallel, the FTX competition has confirmed that its third round of payment, a total of $ 1.6 billion, will be distributed to four groups of creditors on September 30.
These payments are made through platforms such as Bitgo, Payoneer or Kraken, giving highly expected relief to stakeholders affected by the collapse.
