Hedge funds' one-day sell-off hit a 15-year high on Thursday, approaching the level seen during the 2008 Lehman Brothers crisis.

This article is machine translated
Show original

According to ChainCatcher, based on The Kobeissi Letter's analysis, hedge funds sold stocks worth $40 billion in a single day on Thursday, marking the largest single-day sell-off since 2010. Data shows that short-selling volume was 3 times the buying volume, with North American stock transactions accounting for 75% of the total trading volume.

Previously, during the 2008 Lehman crisis, the market sold off $28 billion in a single day, which is approximately $42 billion when adjusted for inflation, and during the COVID-19 impact in 2020, net sales reached $52 billion in a single week.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo