🚨 $2 TRILLION wiped from US stocks in just 2 hours.
The S&P 500 has erased all gains from the open and is now down more than 2%.
The Nasdaq has plunged nearly 4%.
In a matter of hours, over $2 trillion in market value has disappeared.
One reminder:
Markets can spend weeks grinding higher…
And then give it all back in a single afternoon.
So here are the rules:
- stocks up, crypto down
- stocks down, crypto down
- gold & silver up, crypto down
- gold & silver down, crypto down
- Iran war, crypto down
- Iran ceasefire, crypto down
- world peace, probably crypto down
Got it?
BREAKING: 🇺🇸🇮🇷 President Trump says a US Apache helicopter has gone down near the Strait of Hormuz.
He warns that if Iran is responsible, the US “must, of necessity, respond.”
Markets have been pricing in de-escalation.
If this turns out to be an attack, that narrative changes fast.
Oil.
Gold.
Crypto.
Everything is watching the Middle East right now.
The market isn’t really focused on today.
It’s focused on tomorrow.
CPI is expected to come in at 4.2% YoY.
The CPI report is now the biggest macro event on the calendar, and traders don’t want to be caught on the wrong side of it.
That’s why we’re seeing risk appetite fade.
Not because the world suddenly changed overnight.
But because everyone is waiting to see whether inflation comes in hotter or cooler than expected.
Tomorrow’s number could set the tone for the rest of the week.
SpaceX is already trading.
Not on Nasdaq.
Not through shares.
On Hyperliquid.
The synthetic SpaceX market launched at $150, rallied to $216, and is now back down around $163.
Meanwhile, the reported IPO price sits at $135.
The market is spending the final days before listing trying to figure out where the real value actually is.
What’s fascinating is that we’ve never really had this before.
A private company with a live, tradeable price before it even goes public.
The question isn’t whether Hyperliquid is right.
The question is whether the market is finally discovering price before Wall Street does.
June 12th gives us the answer.
. @okx has launched X-Perps 🚨
X-Perps in simple terms:
• Trade US stocks, ETFs, commodities anytime
• Go long or short instantly
• No underlying ownership required
• Pure synthetic price exposure
• Leverage up to 10x
Traditional markets, crypto mechanics.