US stock market rebound sparks short covering, crypto whale exits with $17 million in losses on its short position.

According to TradingBeats’ monitoring, a crypto whale opened five short positions in U.S. stock-linked contracts this morning amid a market downturn, then fully covered all positions during the afternoon rebound, with a total trading volume of approximately $17.33 million and a combined trading loss of around $220,000. The short positions were established after the decline had already begun. When the whale initiated short positions on SpaceX and Tesla this morning, their respective contracts had already fallen by about 3.6% and 2.7%; the whale subsequently added to short bets and opened new short positions on Amazon, Microsoft, and Meta. The average entry prices for the SpaceX and Tesla short positions were $133.13 and $381.15 respectively, only roughly 1.1% and 0.7% higher than their morning lows. Notably, the Tesla short position was opened precisely in the minute when the morning low was hit. As the market rebounded in the afternoon, the whale covered the SpaceX and Tesla shorts at average prices of $135.08 and $384.22, incurring losses of approximately $108,800 and $48,300; the Amazon, Microsoft, and Meta shorts incurred additional losses of around $24,700, $21,400, and $16,800 respectively.