Whale 0x97f: Expands SP500 Short to $147M
Whale 0x97f boosts 50x SP500 short to 20,000 contracts worth $147.16M with $1.4M floating profit after closing HYPE positions.
SourceAnalysis
Whale 0x97f added to its SP500 50x short, lifting the position to 20,000 contracts valued at $147.16M and showing $1.4M unrealized gain; the trader first closed a HYPE long for a $3.22M loss, sold 165,391 HYPE tokens on spot for $1.978M profit, then built the initial 15,000-contract SP500 short at $111.38M with liquidation at 8,295.66, moves that align with SP500 price prediction flows and crypto market crash hedging tactics.
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