S&P Top 1 Holding Long Hopes to Outperform Stock Market, Loses $4.32 Million Next Week

BlockBeats News, April 16th, according to Hyperinsight monitoring, last week, the former "ZEC Maxi Short" whale opened a large-scale $56.2 million long position on the S&P500, betting on the continued rise of the US stock market. The S&P 500 index surged above $7000 intra-day, hitting a new high, bringing in approximately $1.32 million in unrealized gains for this long position.

On the other hand, it also held a short position in the crypto market worth around $28.2 million, covering 14 different coins, mainly concentrated in HYPE and ZEC. During the recent strong surge of HYPE, this single coin long position alone suffered a $2.56 million unrealized loss, becoming the largest source of loss.

After offsetting each other, although the crypto shorts accounted for only half of its US index position, this whale account still accumulated a loss of over $4.32 million in the past week, with a daily loss of $0.5 million.

Address: 0xd47587702a91731dc1089b5db0932cf820151a91