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A whale took a short position 10 minutes before polls closed in a key state, with unrealized profits exceeding 70%.

1 hours ago

According to TradingBeats monitoring, between 07:37 and 07:41 Beijing Time today, a crypto whale rapidly built a short position of roughly $3.034 million in Nasdaq 100 (XYZ100) contracts. The position utilized 30x leverage, with an average entry price of $28,283. At the time the short was opened, Georgia – a key U.S. swing state – had about 18 minutes left until local polls closed at 08:00, as the state’s Senate race is a pivotal battle for both parties vying for control of Congress. After the position was established, the market immediately moved lower. 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 Jon Ossoff defeated his Trump-backed opponent, successfully retaining this critical Georgia seat. XYZ100 then declined further, currently at 27,622 points, down roughly 2.34% from the whale’s average entry price. The address now holds an unrealized profit of around $71,000, translating to a 70.16% position return. Additionally, the whale also holds a S&P 500 short position valued at about $2.2532 million, with an unrealized profit of approximately $26,500.

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