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BlockBeats News, November 13, according to investing, the "Big Short" prototype Michael Burry appears to have deregistered his hedge fund Scion Asset Management with the US SEC this week. Burry also hinted that he will announce major news on November 25, although it is currently unclear what he is referring to. Burry posted an image on social media showing that Scion's SEC registration status has been terminated. A letter dated October 27 from Burry to Scion investors, outlining the fund's closure, also appears to be circulating on social media, but the authenticity of the letter cannot be immediately verified. Deregistering with the SEC may also indicate that Burry plans to convert Scion into a family office, a type of advisor that does not require SEC registration. Burry also clarified his short position on Palantir, stating that he spent about $9.2 million to purchase options on the stock, which will not expire until early 2027. BlockBeats previously reported that on November 4, Michael Burry's hedge fund Scion Asset Management released its 13F filing, showing that Michael Burry not only believes there is a bubble in the market but is also taking action in response. The 13F filing disclosed that 80% of the fund's positions are put options on Nvidia and Palantir, with the notional value of Palantir put options as high as $912 million (equivalent to 5 million shares), while the notional value of Nvidia put options is $186 million.