Mysterious trader invests millions ahead of Fed's announcement

Core Insights - A mysterious crypto trader has opened long positions worth millions ahead of the Federal Reserve's upcoming meeting, which may result in interest rate cuts [1] - The market anticipates a 25 basis point rate cut, which could enhance liquidity in the crypto market [2] - The last interest rate cut by the Federal Reserve was on September 17, where rates were lowered to a range of 4%-4.25% [3] Crypto Market Activity - An on-chain analyst reported that a crypto whale deposited 3.72 million USDC into the decentralized exchange Hyperliquid and opened long positions on Bitcoin and Ethereum, leveraging 15 times [5] - The whale's positions include 300 BTC valued at $34.5 million and 4,874 ETH valued at $20.3 million, both leveraged 15 times [5] - The whale's account, opened in July, has generated a profit exceeding $5 million [6] - The total crypto market cap has shown modest growth, increasing by 0.72% in the last 24 hours to reach $3.87 trillion [6]