The Nasdaq 100 closed down 1.7% overnight, with a whale holding $40 million in long positions falling below its cost basis.

According to Mars Finance, on March 13th, Coinbob's hot address monitoring showed that the Nasdaq 100 closed down 1.7% overnight, and the XYZ100 price on Hyperliquid was temporarily at $24,570. Affected by this, a whale holding a 10x leveraged long position in XYZ100 on the platform, heavily invested in three major markets, turned from profit to loss, with a floating loss of $480,000. Its current position size has decreased to $39.3 million, with an average price of $24,861. It is understood that this whale has been consistently bearish on commodities and bullish on risk assets for the past month, currently holding $8.8 million in BTC long positions and $5.23 million in CL (crude oil) short positions. Although the Nasdaq long position experienced a pullback, the overall intraday profit was still $120,000 due to the hedging effect of crude oil price correction and BTC price increase.