After Lula’s reelection was confirmed EWZ 24 hours, down more than 27%, with the long-short ratio rising to 4: 1

AT A GLANCE

EWZ contract 24 hours, down approximately 27.22%before recovering 5.3%, with market positioning facing reassessment after the election results were announced.

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Brazilian stocks EWZ 24 hours, down more than 27%, with the current long-short ratio rising to 4: 1, suggesting that dip-buying funds may be entering

BlockBeats reports that October 26, according to TradingBeats monitoring, the Brazilian stocks ETF contract deployed by Trade.xyz on Hyperliquid EWZ is currently quoted at 32.72 USD，24 hours, down approximately 27.22%, with trading volume of approximately 100000000 USD, and open interest reaching 32000000 USD.

Over the past 24 hours, total liquidations across the network amounted to EWZ, with long liquidations reaching 14916700 USD, and short liquidations 14727500 USD. The current long-short ratio has risen to 189200 USD. 4: 1, suggesting that dip-buying funds may be entering, while EWZ over the past 5 hours, it has recovered by 5.3%.

This round of declines coincided with the finalization of Brazil’s election results, and the market’s previous direction of positioning has begun to reverse. At 08: 08 Beijing time today, Brazil’s Superior Electoral Court confirmed Lula’s reelection. The market had previously bet on the victory of right-wing candidate Flávio Bolsonaro, expecting him to promote fiscal tightening, reduce financing costs, and support a stronger real.

According to Reuters, as of last Friday, Brazil’s stock market had risen nearly 7%from before the first-round vote, while the real had appreciated nearly USD against the 5%. The market logic behind this trade faces reassessment following Lula’s reelection.

Alejo Czerwonko, UBS Global Wealth Management’s Chief Investment Officer for Emerging Markets, believes that the market rally after the first-round vote could give back a substantial portion of its gains. The market still needs to see credible commitments to fiscal discipline and a stable debt trajectory.

Original link https://m.theblockbeats.info/flash/373783

Key points

According to TradingBeats monitoring, the EWZ contract deployed on Hyperliquid by Trade.xyz is currently quoted at 32.72 USD，24 hours, down approximately 27.22%。
The contract’s trading volume is approximately 100000000 USD, with open interest reaching 32000000 USD。
Over the past 24 hours,EWZ liquidations amounted to 14916700 USD, including long liquidations of 14727500 USD and short liquidations of 189200 USD。
The current long-short ratio has risen to 4: 1，EWZ Over the past 5 hours, it has recovered by 5.3%。
Brazil’s Superior Electoral Court confirmed Lula’s reelection.
According to Reuters, as of last Friday, Brazil’s stock market had risen nearly 7%, while the real had appreciated nearly USD against 5%。
Alejo Czerwonko believes that the market rally after the first-round vote could give back a substantial portion of its gains. The market still needs to see credible commitments to fiscal discipline and a stable debt trajectory.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

EWZ The contract price fell sharply within a short period, and the liquidation amount for traders holding bullish positions was significantly higher than for those holding bearish positions. The long-short ratio rose to 4: 1, indicating that long positions were relatively more prevalent, but this alone cannot prove that funds were necessarily buying the dip. The report also stated that following Lula’s reelection, the market needs to reassess the fiscal and exchange-rate expectations previously centered on the other candidate.

Why it matters to readers

The sharp decline, concentrated liquidations, and relatively high long-short ratio indicate that the contract carries significant volatility and leverage risks; fiscal discipline and debt-stability signals following the election may also continue to affect the pricing of Brazilian stocks and the real.

Beginners should distinguish between ETF, contract, and spot prices, and note that a high long-short ratio does not mean that prices will inevitably rise; leveraged contracts may trigger liquidations during rapid volatility.

Risks and unknowns

The statement that “dip-buying funds may be entering” is merely speculative; the original text provides no evidence of the identity or flow of the funds.
A causal relationship between the decline and the results of Brazil’s election has not been directly established.
The data in the article comes from monitoring results relayed by the media, with no original data from the trading platform attached.

After Lula’s reelection was confirmed EWZ 24 hours, down more than 27%, with the long-short ratio rising to 4: 1

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