US Stock Market Plunges in First 10 Minutes: Suspected Informed Whale Precisely Adds $147 Million Short Position, Once Profiting $3.6 Million

BlockBeats News, June 10. According to Hyperinsight monitoring, yesterday evening, a whale on the Hyperliquid platform continuously opened and increased a leveraged S&P500 short position at 50 times leverage. The position was established by 21:50 last night, with a holding size of 20,000 contracts, approximately $147 million, at an average price of $7,428. During the last increase in position, the S&P 500 was still around $7,466, with the position almost fully opened near the high.

Just 10 minutes after the position was fully opened, the US stock market turned around, and the index plunged, with the S&P 500 falling more than 3.1% in 2 hours. The unrealized profit of this short position once surged to $3.6 million, and as of the time of writing, it has not been closed, with the unrealized profit slightly narrowing. It may still be awaiting tonight's CPI data.

From a news perspective, this round of sharp decline may have been triggered by concentrated negative news: first, US officials stated that they would launch a second military strike against Iran, causing a sudden increase in geopolitical risks; second, a SemiAnalysis report pointed out that relevant production capacity was delayed, dragging down the "light" and "electric" sectors of US stocks.

In addition, the market is awaiting key inflation data, with the US May CPI scheduled to be released at 20:30 Beijing time. Following last week's better-than-expected non-farm payroll data, this CPI release will further validate whether inflation is picking up, influencing market expectations for the Fed's interest rate cut path.

Address: 0x97f8219e401f07752a60ddb0a75efda96d1389d9

Note: Compared to the Hyperinsight report yesterday evening, the whale increased the position to $110 million, but concentratedly added nearly $40 million to the position at 21:50.