Connect with us
DAPA Banner

Crypto World

Nasdaq 100 May Retest This Year’s Low

Published

on

Nasdaq 100 May Retest This Year’s Low

As the chart of the Nasdaq 100 index (US Tech 100 mini on FXOpen) shows, bearish sentiment currently dominates the equity market. Yesterday, the technology index fell by around 2%.

Why Is the Nasdaq 100 Declining?

According to media reports, developments linked to the expansion of AI are weighing on the market:

→ Major technology firms are sharply increasing capital expenditure on infrastructure, yet there is little clarity on when these investments will begin to generate returns. For instance, Google issued bonds this week, including 100-year debt.

→ The impact of AI on traditional business models, particularly companies operating in the software sector.

Advertisement

Technical Analysis of the Nasdaq 100 Chart

When analysing Nasdaq 100 price action (US Tech 100 mini on FXOpen) on 2 February, we:

→ identified a resistance zone (highlighted in orange) and marked the key 25,900 resistance level;
→ noted that bears had taken the initiative and suggested they would need to maintain control around the 25,500 area — where the ascending channel had previously been broken.

Since then, bulls managed to break above this zone, but only briefly, testing the 25,900 level. As indicated by the arrow, the move was short-lived and prices soon fell back below, signalling the bulls’ inability to sustain upward momentum.

A sequence of lower highs has allowed a descending trend line (R) to be drawn. If the consolidation that began last evening reflects a temporary balance between supply and demand, a median line can be plotted, with a lower channel boundary beneath it.

Under a continued downward trend scenario, this configuration points to the potential for the Nasdaq 100 to set a fresh low for the year. Whether this outlook materialises will largely depend on US inflation data. The CPI report is due for release today at 16:30 (GMT+3). Traders should be prepared for heightened volatility.

Advertisement

Trade global index CFDs with zero commission and tight spreads (additional fees may apply). Open your FXOpen account now or learn more about trading index CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Published

on

$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Key takeaways:

  • A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices.

  • The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market.

Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a market collapse. 

Traders are now watching closely to see if this whale’s massive position signals a looming Bitcoin price drop.

Hyperliquid whale 0x94d373…c933814 position. Source: CoinGlass

The Hyperliquid whale, linked to address 0x94d373…c933814, carefully built this nearly $80 million leveraged position between Tuesday and Wednesday. The trade includes a $40 million short (sell) on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long (buy) in synthetic Brent oil contracts.

Crude Brent oil (left) vs. Bitcoin/USD (right). Source: TradingView

The whale’s aggregate position leverage stood at 7 times, indicating high conviction. The Bitcoin futures liquidation price was $80,083, while the Brent oil position would be forcefully terminated above $93. The timing of the trade is curious as S&P 500 Index futures gained 4% between Tuesday and Wednesday as traders anticipate the US and Israel-Iran war dissipating over the next few weeks.

On Wednesday, President Trump said “Iran’s New Regime President” is considering a “ceasefire,” although the conditions to fully reopen the Strait of Hormuz remain unknown. Iran demands reparations and sovereignty. Thus, one could assume that the Hyperliquid whale is counter-trading the market’s optimistic take, betting that Brent crude oil prices will jump while Bitcoin loses its value.

Advertisement

This Hyperliquid whale previously lost $40 million

This address belongs to a particularly unlucky whale, or at least one who has been extremely unsuccessful since late January. The Hyperliquid whale apparently uses bots for execution, given the sheer number of small trades that build into huge positions, but it still managed to lose $37 million in its first month of activity in December 2025.

The same user was flagged by X user ‘lookonchain’ on Feb. 5 after taking a massive loss on leveraged bullish bets on Ether (ETH), Bitcoin, Solana (SOL), and XRP (XRP). 

Source: X/lookonchain

According to the analysis, the whale had previously made $25 million in profits from shorts in multiple cryptocurrencies, but decided to flip the position on Feb. 4, resulting in a $40 million loss. There is no way to know exactly what triggered this entity to place those bets, but the event proves that even whales can misinterpret the market.

Related: Warren Buffett bought $17B in US T-bills: A bad omen for Bitcoin price?

The erratic signals from President Trump regarding a potential full-on invasion and the war in Iran leave room for opposing views. Iranian Foreign Minister Abbas Araghchi denied there were talks for a ceasefire but confirmed to Al Jazeera on Tuesday that there was an intention to end the war, according to CNBC.

Advertisement

Given the history of this whale’s market positioning and its track record of losing trades, it’s possible that the current $80 million bet may fall on the wrong side of the market.