Stock Market Sell-off Continues as On-chain Trader Shorts S&P 500 with 50x Leverage 1 Hour Ago

BlockBeats News, June 23, according to Hyperinsight monitoring, in the past 1 hour, a large chain trader on Hyperliquid aggressively opened a short position on the S&P 500 Index (xyz:SP500). The address used 50 times leverage, with an average opening price of about $7,454.5, shorting the S&P 500 Index (SP500) worth approximately $1.956 million. Currently, the short position has a slight unrealized profit, with a liquidation price of $7,553. In addition, the address took a 30 times leverage short position on xyz:XYZ100, with an average opening price of around $30,295, and a position value of only $330,000, with a liquidation price of $32,601.

Recently, the U.S. stock market's S&P 500 Index has been under pressure for a continuous pullback. The market is at a critical juncture, with the macro-level interest rate cut expectations being frustrated. Federal Reserve officials have frequently sent out "hawkish" signals, reducing the market's bets on a rate cut in 2024. In addition, major U.S. tech giants are about to release their earnings reports in quick succession. The previously overvalued market driven by "AI narrative" is facing a performance verification test, and risk-off sentiment is on the rise.

Address: 0xcf7c4feb434751146a48b895e96caeb15838f92c

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