Trader Bets $15M on BTC, SOL, HYPE, and PUMP Amid Market Dip – 22/9/2025
Bitcoin slipped more than 2% on Monday, pulling the broader cryptocurrency market down and reducing its total market value to about $2.25 trillion, according to TradingView.
During the downturn, a trader placed bullish bets on key cryptocurrencies, liquidating $1.5 billion in leveraged positions. A wallet labeled “0x50dE6ef4D11B263DC2e4547602E963355E17dC81” deployed $15 million in USDC on Hyperliquid, acquiring positions in Bitcoin (BTC), Solana (SOL), Hyperliquid’s HYPE token, and PUMP, blockchain analytics firm Lookonchain reported.
The sizable trade reflects a strategy by some market participants to capitalize on short-term dips rather than expecting a sustained downturn.
Market pressure comes amid the U.S. dollar’s resilience following Wednesday’s dovish Fed rate cut, adding to bearish sentiment in options markets. Volatility could rise further as Federal Reserve officials, including Chairman Jerome Powell, are scheduled to speak, and the Personal Consumption Expenditures (PCE) inflation report is released on Friday.
Meanwhile, the FTX bankruptcy recovery trust confirmed a third round of payments totaling $1.6 billion will go to four creditor groups on September 30 via BitGo, Payoneer, and Kraken.
