Cumberland Opens $70.38 Million Long/Short Position, Mainly Shorting Major Cryptocurrencies and US Stock Indexes

BlockBeats News, July 8th, according to OnchainLens monitoring, this morning Cumberland deposited $4 million USDC into Hyperliquid, with the current account holding a total value of $70.38 million in long and short positions. 86.37% of the positions are used to short Ethereum, Bitcoin, SOL, and other major cryptocurrencies as well as key US stocks, while 13.63% of the positions are used to long indices such as the S&P 500. The account has accumulated profits of $33.27 million.