$PNUT Haha, that's so interesting. Just at 8 o'clock, a major investor sold 500,000 pnut, causing two robots to compete for food. This led to a bizarre price increase of 2%. The cause seems to be that a quantitative robot consumed 500,000 spot assets, then placed a short order for 500,000 contracts. The major investor who got shorted on the 500,000 contracts originally intended to exchange contracts for spot assets, but ended up not getting the spot assets and instead increased the burden of contracts. So they reversed and increased their position in spot assets, trying to make the quantitative robot spit out the assets. The quantitative robot, how would it understand this? If you eat my spot assets, I will eat your contracts, and back and forth it goes, resulting in a 2% price increase against the trend. It’s just unclear whether the major investor will eventually close that 500,000 contract position.
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