The first 10 minutes before the U.S. stock market plummeted: a suspected informed whale precisely added a $147 million short position, once earning $3.6 million in profit.

The first 10 minutes before the U.S. stock market plummeted: a suspected informed whale precisely added a $147 million short position, once earning $3.6 million in profit. BlockBeats news, June 10, according to Hyperinsight monitoring, showed that yesterday evening, a whale on the Hyperliquid platform continuously opened and added to a short position on the S&P 500 with 50x leverage. The position was completed at 9:50 PM last night, with a scale of 20k units, approximately $147 million, at an average price of $7,428. When the last addition was made, the S&P 500 was still around $7,466, with the position nearly built near the high point.
Next, three things need to be watched: whether related funds continue to flow in, whether on-chain trading volume and holdings continue to expand, and whether project teams or regulators provide new confirmation information. A single piece of news can only indicate that sentiment has been ignited; subsequent data will determine whether it can settle into a trend.
Risks should also be on the table: just 10 minutes after the position was added, the overall U.S. stock market turned back and fell, with the index plunging. The S&P 500 once dropped over 3.1% within two hours. The short position's unrealized profit temporarily surged to $3.6 million. As of press time, it has not been closed, with unrealized profit slightly narrowing, possibly still waiting for tonight’s CPI.
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