Formula News Vida: go long Solana betting on Monday's US stock market opening to restore sentiment, previously profiting eight million dollars during the big dump on 1011.

Three days before the big liquidation of 10 billion in the crypto world on October 11, the founder of Equation News, Vida, who even made 8 million dollars from the big dump, stated early this morning that he went long on 4 million dollars of Solana and 500,000 dollars of XPL. He expressed that he bets the market will quickly recover after the U.S. stock market opens on Monday. The crypto assets market fell an average of 30%, reflecting the exaggerated expectation that the S&P 500 would drop 5% when the U.S. stock market opens on Monday. If the S&P 500 does not drop as much as imagined when it opens on Monday, then market sentiment will quickly recover.

Vida goes long on Solana and bets on the U.S. stock market opening on Monday.

Vida announced at 5:40 AM today: “I went long on 4 million dollars of Solana at a price of 175.8, and went long on 500,000 dollars of XPL at 0.395.” He stated that this is one-tenth of his bullets, and the uncertainty makes it a speculative operation. What he is betting on is that the market will quickly recover after the US stock market opens on Monday, just like every time negative news occurs over the weekend.

He later pointed out that the Crypto Assets market fell an average of 30%, reflecting the exaggerated expectation that the S&P 500 would drop 5% when the US stock market opened on Monday. If the S&P 500 doesn't drop as much as imagined when it opens on Monday, then market sentiment will quickly recover.

Additionally, he also stated that he has accumulated ten meme coins, with 1 million dollars distributed across ten targets. These meme coins feature contracts on Binance, with an FDV of approximately 10 million dollars. However, he does not want to deliberately influence the coin prices and is also afraid that the market makers might see it and not pump the prices, so he won't disclose which ten coins they are.

From monitoring giant whales to bottom-fishing packaged tokens, Vida made a profit of eight million dollars.

During this wave of major bloodbath, Vida instead made a profit of 8 million USD. He recalled that he had been monitoring a whale position conducting a neutral strategy on Hyperliquid for a long time. When he noticed that the whale started to significantly reduce its position, he immediately realized that a big market movement might occur. He promptly added 3 million USD in margin to his long position in his cross-exchange arbitrage account, successfully avoiding a potential liquidation.

When the market suddenly experienced a big dump, his first reaction was to open the list of biggest falls to look for the coins that had dropped the most. Seeing that TST and SATS had almost fallen 99%, she wanted to go long, but found that the Binance spot system was down and she couldn't place an order. So she switched to the contract market and quickly bought meme coins like MOODENG and BROCCOLI714, which had liquidity value. Then he noticed that USDE had once dropped to 0.75 USD, so he heavily bought in with 4 million USD. He later admitted that although this operation made money, it dispersed his firepower and made him miss out on other better opportunities later.

In order to further capture the market rebound, a large account that was originally conducting funding rate arbitrage on Binance was fully closed, releasing about 10 million USD in spot positions to form a naked long position. In the end, while constantly monitoring the fall rankings, he discovered that BETH ( and ETH linked ) had experienced a big dump of 65%. He immediately allocated funds from another account, using only the remaining approximately 3 million USDT to buy the dip. This trade subsequently doubled, becoming the most critical strike in the entire event, and perfectly concluded his strategy review.

It was previously predicted: the S&P 500 has risen without a pullback for six months, it's time to clear positions.

Three days before the big dump on October 11, Vida stated that he had liquidated 80% of his AMD stocks, 100% of BABA ( Alibaba ), and 100% of his Japanese stocks. This wave of liquidation corresponds to reducing his stock exposure by half, and he is confident that he can buy back at cheaper prices in the next 1-2 years. CloudFlare ( NET ) and Google are stocks he is willing to hold long-term, unaffected by short-term fluctuations. Regarding A-shares, he believes that the Chinese stock market has been starving for too long, and the crowd should be crazier about the bull market than other markets, which is why he hasn't liquidated yet.

Later he added: The S&P 500 has risen without a pullback for six months, increasing by 40%. Everyone is on the bus, and everyone is wondering when it will peak, and at that moment a significant negative event occurred.

This article Equation News Vida: go long Solana betting on Monday's U.S. stock market opening to restore sentiment, previously making a profit of eight million dollars during the big dump on October 11, first appeared in Chain News ABMedia.