Trader Places $15M Bets 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 reducing its total value to roughly $2.25 trillion, according to TradingView.
In response, a trader deployed bullish positions on major cryptocurrencies, liquidating $1.5 billion in leveraged trades. A wallet labeled “0x50dE6ef4D11B263DC2e4547602E963355E17dC81” invested $15 million in USDC on Hyperliquid, taking positions in Bitcoin (BTC), Solana (SOL), Hyperliquid’s HYPE token, and PUMP, according to blockchain analytics firm Lookonchain.
The move highlights how some market participants are treating the pullback as a buying opportunity rather than a prolonged downturn.
The market’s weakness comes amid a resilient U.S. dollar following Wednesday’s dovish Fed rate cut, reinforcing bearish sentiment in options markets. Volatility is expected to rise with upcoming speeches from Fed officials, including Chairman Jerome Powell, and Friday’s Personal Consumption Expenditures (PCE) inflation report.
Separately, the FTX bankruptcy recovery trust confirmed a third round of payments totaling $1.6 billion will be distributed to four creditor groups on September 30 via BitGo, Payoneer, and Kraken.
