10 minutes before the U.S. stock market plummeted: a suspected insider whale precisely added $147 million in short positions, once earning $3.6 million.

BlockBeats message. On June 10, according to Hyperinsight monitoring, yesterday evening, a whale on the Hyperliquid platform continuously opened positions and added to S&P500 shorts using 50x leverage. It completed building the position at 21:50 last night, with a position size of 20,000 contracts, roughly equivalent to $147 million, with an average price of $7,428. When it made its final add, the S&P500 was still quoting around $7,466, and the position was essentially filled near the high point.

Just 10 minutes after the add was completed, U.S. stocks as a whole reversed lower. Stock indices plunged on the spot, and the S&P500 fell by more than 3.1% at one point within 2 hours. The short position’s unrealized profit once surged to $3.6 million. As of the time of this writing, it has not been closed; the unrealized gains have narrowed slightly, or it may still be waiting for tonight’s CPI.

From the perspective of the news backdrop, this round of sharp sell-off may have been triggered by concentrated negative factors: first, U.S. officials said they will launch a second round of military strikes on Iran, sharply increasing geopolitical risk; second, a SemiAnalysis research report pointed out that production capacity related to this has been delayed in mass production, dragging down the U.S. “light” and “electric” sectors, which suffered a major drop.

In addition, the market is waiting for key inflation data. The U.S. May CPI will be released at 20:30 Beijing time. After last week’s non-farm payrolls data beat expectations, this CPI will further validate whether inflation is picking back up, and will influence market expectations for the Federal Reserve’s rate-cut path.

Address: 0x97f8219e401f07752a60ddb0a75efda96d1389d9

Note: Compared with yesterday evening’s Hyperinsight report, this whale added to a position size of $110 million, but at 21:50 it made a concentrated additional fill of nearly $40 million.