A merchant established bullish bets in the main cryptocurrencies on Monday as the cryptocurrency market decreased, liquidating leverage positions worth $ 1.5 billion.
A address labeled “0x50de6EF4D11B263DC2E4547602E963355E17DC81” deployed $ 15 million in USDC in hyperlychide, taking positions through Bitcoin solarium The exaggeration of hyperlichid Token and bomb, according to Blockchain Sleuth Lookonchain.
This considerable commitment highlights how some market participants are positioning themselves to capitalize on the possible rebounds of the market, seeing the setback as a main purchase opportunity instead of a sustained recession signal.
The cryptocurrency market has been pressed in the last 24 hours, with Bitcoin falling more than 2% below $ 113,000, a movement that has seen that its market value decreases to $ 2.25 billion, according to Data Fouuring TradingView.
The weakness follows the resilience of the dollar after the tariff cuts of the Fed of Wednesday and has reinforced the fixation of the postcard option in the options market.
Market volatility is expected to increase in the next few days, since several political leaders of the Federal Reserve, including President Jerome Powell, are scheduled to speak. In addition to market uncertainty, the most important personal consumption expenses (PCE) The inflation report will be launched this Friday, offering a critical vision of inflation trends and informing possible movements of future fees.
At the same time, the FTX Bankrupty Recovery Trust has confirmed that its third round of payments, for a total of $ 1.6 billion, will be distributed to four groups of creditors on September 30.
These payments will be made through platforms such as Bitgo, Payoneer or Kraken, which provides a long -awaited relief to the interested parties affected by the collapse.
