S&P Top 1 Holding Long Hopes to Outperform Stock Market, Loses $4.32 Million Next Week
BlockBeats News, April 16th, according to Hyperinsight monitoring, last week, the former "ZEC Maxi Short" whale opened a large-scale $56.2 million long position on the S&P500, betting on the continued rise of the US stock market. The S&P 500 index surged above $7000 intra-day, hitting a new high, bringing in approximately $1.32 million in unrealized gains for this long position.
On the other hand, it also held a short position in the crypto market worth around $28.2 million, covering 14 different coins, mainly concentrated in HYPE and ZEC. During the recent strong surge of HYPE, this single coin long position alone suffered a $2.56 million unrealized loss, becoming the largest source of loss.
After offsetting each other, although the crypto shorts accounted for only half of its US index position, this whale account still accumulated a loss of over $4.32 million in the past week, with a daily loss of $0.5 million.
Address: 0xd47587702a91731dc1089b5db0932cf820151a91
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Global bond market sell-off intensifies! Australian bond yields hit a fifteen-year high as traders bet on Reserve Bank of Australia resuming rate hikes soon
Due to intensified global sovereign bond sell-offs and domestic inflation and consumption data continuously exceeding expectations, Australia’s benchmark government bond yield has risen to its highest level since 2011.
Japan’s MOF official says expects BoJ to steer policy aligned with economy, not influenced by US
2-Yr Benchmark Govt Yields - Germany vs Other Nations
10-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
