🔥The S&P 500 bulls are sitting on a floating profit of $1.32 million, while crypto shorts caused the whale to lose $4.32 million last week

According to Hyperinsight monitoring, last week, the whale previously known as the “largest short in ZEC” opened long positions in the S&P 500 index with a notional size of $56.2 million, betting on a rise in U.S. stocks. During the day, the S&P 500 index rose above $7,000 to a new high, and that long position brought in about $1.32 million in floating profit. At the same time, the whale held about $28.2 million in crypto market short positions, covering 14 cryptocurrencies, mainly concentrated in HYPE and ZEC. HYPE has surged strongly recently, and just the long position in this coin has a floating loss of $2.56 million, becoming the largest source of loss. After offsetting, although crypto shorts account for half of the DXY position, the whale’s account incurred a total loss of over $4.32 million in the past week, with a single-day loss of $5…
#hype