📰 【S&P TOP 1 holdings long hopes to outperform altcoin market, both sides expect a loss of $4.32 million next week】

BlockBeats news, April 16, according to Hyperinsight monitoring, last week, the previous "ZEC largest short" whale opened a long position of up to $56.2 million in S&P 500, betting on continued rise of US stocks. During the day, the S&P 500 index rose above $7,000, hitting a new high, bringing about a floating profit of approximately $1.32 million for this long position. On the other side, it also held a short position in the crypto market worth about $28.2 million, covering 14 different coins, mainly concentrated in HYPE and ZEC. During HYPE's recent strong surge, just this coin’s long position was floating at a loss of $2.56 million.
I swear! Is this whale's brain caught in a door? Betting all-in on US stocks long, while wildly shorting altcoins! $HYPE directly wiped out $2.56 million! Does he really think the crypto world is an ATM? This back-and-forth play is smooth, but next week he’ll be wiped out! The new high of US stocks has nothing to do with me, the real battlefield is in crypto! This move is just pure money-giving to the pump-and-dump guys, hilarious! 👇👇👇👇👇