Ahead of the US PCE release, a whale placed a short bet of $13.5 million, wagering that inflation will exceed expectations and suppress the Nasdaq.

BlockBeats news, on March 13, according to Hyperinsight monitoring, ahead of the release of the US January PCE price index, a total of 6 whales (with positions exceeding 1 million USD) have preemptively positioned themselves in XYZ100 (Nasdaq 100 mapping contract) on Hyperliquid, with the largest position held by the whale address starting with 0x9e8.

This address currently holds a 20x leveraged XYZ100 short position, with a position size of 13.56 million USD at an average price of 24,723 USD, and has already realized a floating profit of 127,000 USD (18%). This is the first time this address has heavily invested in an on-chain US stock contract; previously, its operations mainly focused on BTC and ETH long positions. In addition, it also holds a CL (WTI crude oil) long position worth 3.7 million USD.

On the news front, the US is about to announce the January PCE price index. The market generally expects PCE to rise 2.9% year-on-year, and the core PCE growth rate to be 3.1% year-on-year. If the core PCE growth rate reaches or exceeds 3.2%, it will significantly weaken market expectations for rate cuts within the year, thereby putting pressure on risk assets such as the Nasdaq.