
Jakarta, Pintu News â A crypto trader has made a big move by investing $15 million in Bitcoin , Solana , Hyperliquid , and Pump Fun . This decision comes at a time when the crypto market is experiencing a downturn, which has led to the liquidation of $1.5 billion worth of leveraged positions. The move shows confidence that the market will recover, despite signs of continued decline.
On Monday, an address known as â0x50dE6ef4D11B263DC2e4547602E963355E17dC81â has allocated a large fund of $15 million in USDC on Hyperliquidâs platform. The funds were split for the purchase of several major cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and Hyperliquidâs HYPE token.
This signifies an aggressive âbuy lowâ strategy in a falling market. This investment shows not only courage, but also the long-term vision of the trader.
By capitalizing on the current price drop, the opportunity for significant gains could be wide open should the market bounce back. This is an example of how some market participants choose to invest heavily when others may choose to wait.
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The crypto market has been under pressure in the past 24 hours, with Bitcoin (BTC) dropping more than 2% to below $113,000. This drop has reduced the market value to $2.25 trillion, according to data from TradingView. This decline comes alongside the dollarâs resilience after a dovish interest rate cut by the Federal Reserve on Wednesday.
Market uncertainty is expected to increase in the coming days due to several talks from Federal Reserve policymakers, including Chairman Jerome Powell. In addition, the all-important Personal Consumption Expenditure (PCE) inflation report is scheduled to be released this Friday, providing important insights into inflation trends and helping to inform future interest rate moves.
In a related development, the FTX bankruptcy recovery trust has confirmed that their third round of payments, totaling $1.6 billion, will be distributed to four groups of creditors on September 30. This is an important step in the recovery process from one of the most massive bankruptcies in crypto history.
This payment is expected to provide some relief to the affected creditors. The recovery process also gives an idea of how the impact of a major bankruptcy can be handled in the crypto industry, which is still relatively new and full of uncertainties.
While the crypto market is currently full of uncertainty, this traderâs bold move shows that there are still opportunities to be taken. Investing heavily during a market downturn can be a risky strategy, but it can also be very profitable. This is a crucial time for investors to decide whether this is an opportunity to buy or a signal to stay away.
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*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.