Whale 0x97f8: Expands SP500 Short to $147.6M

Whale 0x97f8 lifted its SP500 short to $147.6M on Hyperliquid and sits $977K ahead with a liquidation price at $8,067.34. On-chain whale tracking SPX short positions history shows the address first opened the 50x short five hours earlier at a $111.6M notional and $8,294.9 liquidation level before scaling in. Hyperliquid SP500 perpetual futures contract specs allow fully on-chain order books with sub-second finality, letting the position move without custody risk.