A whale has utilized nearly $50 million in position to predict a subsequent rebound in the US stock market, going long 20x on the Nasdaq 100.

August 13th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale recently used nearly $50 million in a long position to predict a rebound in the US stock market. The address 0xb37...a66ca is currently going long on XYZ100 (Nasdaq 100 Index) with 20x leverage through TWAP (Time-Weighted Average Price), accumulating a total of 1,006.8 shares of XYZ100. Approximately $32 million of the position has been filled at an entry price of $29,778 per share, and the remaining portion is still being gradually executed.