A certain whale started liquidating a $148 million S&P 500 short position, anticipating a stock market increase post CPI release

BlockBeats News, June 10th - According to on-chain analyst Yu Jin, the United States will release CPI data tonight at 8:30 pm. A whale has started closing out its 50x leveraged S&P 500 short position on Hyperliquid, worth up to $148 million, possibly anticipating a stock market rally after the CPI data is announced.

The $148 million S&P 500 short position was opened yesterday afternoon, currently showing an unrealized profit of about $1.44 million.