Weekend Market Spike-Down & Stop Hunt Mystery
A sudden unexplained 1–4% drop hit Nasdaq, AI stocks, and crypto on Hyperliquid Saturday, with traders flagging apparent stop-hunting and no clear news catalyst.
What we know
An account on X was first to flag a simultaneous spike-down across Nasdaq, AI stocks, and crypto on Hyperliquid with no news. Another account on X separately noted the S&P 500 perp on Hyperliquid took a dive. Another account on X quipped someone was 'running all the stops for fun.' In traditional markets, another account on X reported AI and memory semis ($WDC, $STX, $MU, $SNDK) getting hammered on weekend Liquid trading, even as he told followers to buy the dip.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.