Buying the Dip: $15M Deployed Across Bitcoin, Solana, HYPE, and PUMP

Trader Deploys $15M on BTC, SOL, HYPE, and PUMP as Crypto Markets Slide – 22/9/2025

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

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

The trade highlights how some participants view the market pullback as a buying opportunity rather than a sustained downturn.

The weakness follows the dollar’s resilience after Wednesday’s dovish Fed rate cut, reinforcing bearish sentiment in options markets. Volatility is expected to rise ahead of speeches by Fed officials, including Chairman Jerome Powell, and the release of 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.

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