【19 large traders put $20.56 million into buying the dip in Google: catching a falling knife or grabbing a bargain?】
Google $GOOGL reported earnings, and its share price fell more than 10% after hours. Yet on Hyperliquid, 19 accounts added roughly $20.56 million in long positions—a move that looks somewhat like trying to catch a falling knife. But this drop wasn’t simply driven by panic: Alphabet reported third-quarter revenue of $127.6 billion, below expectations, while net income fell about 25% year over year and free cash flow turned negative, at -$9.1 billion. Even a 103% surge in cloud revenue couldn’t save the day. The market is starting to worry: with AI spending so aggressive, when will it actually pay off?
The 19 accounts added roughly $20.56 million in long positions, while the notional value of open contracts increased by about $43.09 million. This suggests new money is entering the market to place bets, but it’s not solid proof that 19 big traders are all bullish. More strikingly, 15 of the accounts that added longs are already sitting on unrealized losses. Another whale who had previously built a large long position in Google was liquidated for about $10 million.
A short-term rebound is certainly possible: after a sharp drop, short covering can drive a recovery. But so far, dip buyers haven’t shown they can absorb the selling pressure. Whether the price can stabilize around $292 and whether a rebound can reclaim $300 are more worth watching than how many big traders have entered the market. If the sell-off continues on rising volume, the dip-buyers’ list could soon become the next liquidation list.
Google $GOOGL reported earnings, and its share price fell more than 10% after hours. Yet on Hyperliquid, 19 accounts added roughly $20.56 million in long positions—a move that looks somewhat like trying to catch a falling knife. But this drop wasn’t simply driven by panic: Alphabet reported third-quarter revenue of $127.6 billion, below expectations, while net income fell about 25% year over year and free cash flow turned negative, at -$9.1 billion. Even a 103% surge in cloud revenue couldn’t save the day. The market is starting to worry: with AI spending so aggressive, when will it actually pay off?
The 19 accounts added roughly $20.56 million in long positions, while the notional value of open contracts increased by about $43.09 million. This suggests new money is entering the market to place bets, but it’s not solid proof that 19 big traders are all bullish. More strikingly, 15 of the accounts that added longs are already sitting on unrealized losses. Another whale who had previously built a large long position in Google was liquidated for about $10 million.
A short-term rebound is certainly possible: after a sharp drop, short covering can drive a recovery. But so far, dip buyers haven’t shown they can absorb the selling pressure. Whether the price can stabilize around $292 and whether a rebound can reclaim $300 are more worth watching than how many big traders have entered the market. If the sell-off continues on rising volume, the dip-buyers’ list could soon become the next liquidation list.