A certain whale opened a short position 10 minutes before key state vote counting closed, with unrealized gains now exceeding 70%.

BlockBeats news, November 4th - According to TradingBeats monitoring, between 07:37 and 07:41 today (Beijing time), a whale quickly established a short position in Nasdaq 100 (XYZ100) contracts worth approximately $3.034 million. The position uses 30x leverage with an average entry price of $28,283.

At the time the short position was established, Georgia, a key swing state in the US, had only about 18 minutes left before polls closed at 08:00. The local Senate race is the core battle between the two parties for control of Congress.

After the position was completed, the market immediately moved in tandem with a sell-off. Half an hour later, XYZ100 fell from $28,197 to $27,929 (a drop of approximately 0.95%).

At 08:40, Reuters reported that Democratic Senator Ossoff defeated Trump-backed opponent, successfully holding the key Georgia seat.

Subsequently, XYZ100 declined further, with XYZ100 currently at 27,622 points, down approximately 2.34% from the whale's average entry price. The address currently has unrealized gains of approximately $71,000, with a position return rate as high as 70.16%. Additionally, the whale also holds a short position in the S&P 500 worth approximately $2.2532 million, with unrealized gains of approximately $26,500.