That $150M S&P 500 Short.... The Whale Just Cashed

Post

--Bullish

Includes contract addresses. Please trade carefully.

That $150M S&P 500 Short....  The Whale Just Cashed Out💰.Well, that didn't take long. The whale who grabbed attention by opening a massive $147.6 million short on the S&P 500 has officially closed the entire position.
And it looks like the bet paid off. Just a few minutes ago, address 0x97f8 exited all of its SP500 short positions, locking in an estimated profit of nearly $1.5 million. Not bad for a trade that had plenty of people scratching their heads when it first appeared on-chain.
Sometimes the best trade isn't the biggest one. It's the one you actually close.
Address: 0x97f8219e401f07752a60ddb0a75efda96d1389d9
#SP500 

EyeOnChain

Bearish

This guy Just Opened a $150M Bet Against the S&P 500 😳.
A few hours ago, address 0x97f8 opened a 50x leveraged short on the S&P 500, with a position size of roughly 20,001 contracts valued at around $150 million.
Yeah... that's not a typo. A $150 million short. And at 50x leverage, this isn't exactly a cautious trade. The position's liquidation level sits at 8,067.727, giving the whale some room, but when you're running leverage that high, even relatively small market moves can start to feel very large.
US equities have been showing resilience lately, with many traders expecting the broader uptrend to continue. This whale clearly sees things differently. Whether it's a hedge, a macro bet, or a straight-up conviction trade, one thing is obvious:
This trader isn't expecting the S&P 500 to keep climbing. Now the market gets to decide who's right.
Here is his address: 0x97f8219e401f07752a60ddb0a75efda96d1389d9
#SP500

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

SPYonAlpha+0.42%

SPY+0.27%