#NasdaqDropsOver3Percent 🐋 The whale that called the drop
June 9 – The Nasdaq plummeted over 3% and the S&P 500 crashed to one-month lows. The most shocking part? A whale had already gone all in short.
📉 The numbers of the drop
· Nasdaq: -3% (Apple -3%, Micron -8%, Marvell -14%)
· S&P 500: -1.5%, erasing Monday's gains
· Causes: 1) Fear of rate hikes (strong employment → 43% chance of a December increase), 2) Trump breaks peace expectations with Iran, 3) SpaceX IPO diverts capital
🐋 The master move of 0x97f8
This whale opened short positions on the S&P 500 with 50x leverage on Hyperliquid:
· $111.6M initial, liquidation price 8,294 pts
· $147.6M expanded, liquidation at 8,067 pts
The index fell below its liquidation zone. Its floating profit already exceeds $977,000. Previously, it exited a long on HYPE with losses and compensated by selling spot. This isn't a rookie move: it anticipated the perfect storm.
⚡ Conclusion
The whale hit the nail on the head. The bearish factors that many ignored (rates, geopolitics, semiconductor overbuying) were already on its radar. It now maintains the short position, with the next target at 7,000 points on the S&P 500.
Do you think the correction will continue, or will the whale close positions soon?
👇
#Nasdaq