As news of a potential scandal surrounding Nvidia CEO Jensen Huang began to trickle out on Sunday, investors faced a simple question: what could it mean for the stock? One answer could be found in an obscure but growing corner of the markets: perpetual futures. On Sunday at 3 p.m. ET, well before pre-market equity trading had started, a number of traders began placing bearish bets on Nvidia perpetual futures. Specifically, perpetuals on Nvidia traded first, with Hyperliquid's xyz contract slipping to as low as $180.15 on $200 million of volume by 3:30 p.m. E.T. Both equity shares and perps on Nvidia fell below $178 overnight. It traded 7% lower on Monday.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.