Institutional investors sold off $21.6 billion in Nasdaq futures, setting the largest single-week sell-off record.

The Kobeissi Letter stated that, according to Goldman Sachs data, for the week ended August 4, institutional investors such as hedge funds and asset management firms sold a combined $21.6 billion in Nasdaq futures, marking the largest single-week selling volume on record. Short selling transactions were particularly dominant, accounting for 72% of total sales.