HOOD perpetual futures drop 8.66%; a whale's short position is worth approximately $3.5781 million

Odaily reports: Robinhood has released its Q3 earnings, with revenue hitting a record high but slightly below market expectations, and diluted earnings per share also below expectations. After the earnings release, a whale continued to short HOOD, net selling approximately $2.392 million during the period, increasing the short position to 40,927.344 shares; as of press time, the short position is worth approximately $3.5781 million, with an average price of $89.35, and unrealized profit of approximately $78,000. During the same period, the price of HOOD perpetual futures on Hyperliquid fell from approximately $95.71 before the earnings release to $87.42, a decline of approximately 8.66%.

Robinhood's prediction market revenue rose to $173 million, up more than sixfold year-over-year; crypto trading revenue rebounded 20% quarter-over-quarter to $120 million, but is still down 55% year-over-year.