Hyperliquid Longs Take Profit on S&P 500's Largest Bull Run, Reducing Long Position by $6.5 Million

BlockBeats News, May 15th, according to Hyperinsight Monitoring, this afternoon, the Japanese and South Korean stock markets experienced a sharp decline, with gold and silver plunging simultaneously, and both safe-haven and equity assets plummeting together. Amidst the intense volatility in the Asia-Pacific markets, the largest long whale on Hyperliquid has been continuously reducing its positions in the S&P 500 over the past 2 hours.

As of the time of writing, it has unloaded a total of about 1247 S&P 500 long contracts, worth around $6.5 million, reducing its position to 5000 contracts (approximately $37.14 million), with an average entry price of $7,016. It currently holds unrealized gains of $2.05 million.

This whale also holds a $7.2 million short position in ZEC, previously identified in the market as the "largest ZEC short." Currently, this short position is at a floating loss of $820,000 (-59%).

Address: 0xd47587702a91731Dc1089B5DB0932cF820151A91

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