Trader Deploys $15M on BTC, SOL, HYPE, and PUMP Amid Crypto Market Dip – 22/9/2025

Bitcoin fell more than 2% on Monday, weighing on the broader cryptocurrency market and pushing its total market value down to roughly $2.25 trillion, according to TradingView.

Amid the pullback, a trader placed bullish bets on major cryptocurrencies, liquidating leveraged positions worth $1.5 billion. A wallet labelled “0x50dE6ef4D11B263DC2e4547602E963355E17dC81” deployed $15 million in USDC via Hyperliquid, taking positions in Bitcoin (BTC), Solana (SOL), Hyperliquid’s HYPE token, and PUMP, according to blockchain analytics firm Lookonchain.

The sizable trade underscores how some market participants are viewing the recent dip as a buying opportunity rather than a sign of sustained weakness.

The market’s recent pressure comes after the U.S. dollar remained resilient following Wednesday’s dovish Federal Reserve rate cuts, reinforcing post-Fed bearish sentiment in options markets. Volatility is expected to rise in the coming days as several Fed officials, including Chairman Jerome Powell, are scheduled to speak, while Friday’s Personal Consumption Expenditures (PCE) inflation report will provide fresh insight into inflation trends and potential rate moves.

Meanwhile, the FTX bankruptcy recovery trust confirmed that its third round of payments, totaling $1.6 billion, will be distributed to four groups of creditors on September 30. Payments will be made through platforms including BitGo, Payoneer, and Kraken, providing relief to stakeholders affected by the exchange’s collapse.