A merchant established bullish bets in large cryptocurrencies on Monday while the cryptography market refused, liquidating lever-effect positions worth $ 1.5 billion.
An address entitled “0x50de6ef4D11B263DC2E4547602E963355E17DC81” deployed $ 15 million in USDC on the hyperliquid, positions through Bitcoin Solara The hyperliquid media threw Token and pump, according to the blockchain Sleuth Lookonchain.
This considerable bet emphasizes how certain market players are positioned to capitalize on potential rebounds on the market, considering decline as a main purchase opportunity rather than a sustained slowdown sign.
The cryptocurrency market has undergone pressures in the last 24 hours, Bitcoin falling more than 2% below $ 113,000, a decision that saw its market value fall to 2.25 billions of dollars, according to Data Source TradingView.
The weakness follows the resilience of the dollar after the rate drops of the Fed on Wednesday and strengthened the post-noise drop in the options market.
Market volatility is expected to increase in the coming days because several political decision -makers of the Federal Reserve, including President Jerome Powell, should speak. Adding to the uncertainty of the market, very important personal consumption expenses (PCE) The inflation report is planned for the release this Friday, offering a critical overview of inflation trends and informing potential future rate movements.
In parallel, the FTX Faillifrupt Recovery Trust confirmed that its third payment cycle, totaling $ 1.6 billion, will be distributed to four creditors of creditors on September 30.
These payments will be made through platforms such as Bitgo, Payoneer or Kraken, providing long -awaited alternatives to stakeholders affected by collapse.
