Hedge fund hits record for largest daily sell-off since 2010, approaching 2008 Lehman crisis

BlockBeats News: On April 5th, according to The Kobeissi Letter analysis, hedge funds are fleeing on a large scale. On Thursday, hedge funds sold $40 billion worth of stocks, setting a record for the largest single day sell-off since 2010. On Thursday, the short trading volume was three times that of the long trading volume, with North American stocks accounting for 75% of the total trading volume. It was previously recorded that during the Lehman crisis in 2008, the market sold $28 billion in a single day, which is about $42 billion today after adjusting for inflation. In 2020, COVID-19 sold $52 billion in a single week.