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MakerDAO Co-Founder Rune's Address Continues to Increase Short Positions on S&P 500, Holdings Reach $2.57 Million
CryptoWorld News: On March 19, according to Hyperinsight monitoring, in the past hour, an address associated with MakerDAO co-founder Rune (0x30d3…) has rolled over and increased its short position on the SP500 (S&P 500 mapping contract), adding a total of 68.76 units worth approximately $454,000. After continuous adding, this address currently holds a 20x leveraged SP500 short position with 390 units, bringing the total position size to $2.58 million, with an average entry price of $6,615.50. As of press time, the position has a slight unrealized profit of about $2,300, with a liquidation price set at $6,876. This address previously held long positions in CL (WTI crude oil) and BRENTOIL (Brent crude oil), and had opened XYZ100 and ETH short positions as hedges, now also hedging with Nasdaq 100 and S&P 500 positions.