Sharp equity sell-off and bearish crypto positioning
SPY had a near-5% down day, and Hyperliquid whales are the most net short on BTC since Oct 2025. Traders watch the weekly BTC close near $77.5k.
What we know
An account on X flagged the rare ~5% SPY drop. Another account on X shows rising whale shorts, and another account on X cites $77.5k as the key close. A $12M ZEC long is near liquidation at $1,130. Sentiment is split between bottom and further drop calls.
How the story developed
SPY had a near-5% down day, and Hyperliquid whales are the most net short on BTC since Oct 2025. Traders watch the weekly BTC close near $77.5k.
October payrolls crushed forecasts but the S&P ended flat after Thursday's 4% drop; traders eye SPY 750/700 while BTC bulls and bears clash around $70k.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.