A whale account lost $4.32 million in a week due to crypto short positions

According to monitoring by Hyperinsight, the previous "largest ZEC short" whale opened an S&P500 long position worth 56.2 million US dollars last week. As the S&P 500 index surpassed 7,000 and reached a new high, this brought the whale a floating profit of about 13.2 million US dollars. At the same time, this whale holds about 28.2 million US dollars in short positions in the crypto market, covering 14 coins; among them, the HYPE position alone has a floating loss of 12.56 million US dollars, making it the largest source of loss. Overall, this account’s cumulative weekly losses exceed 43.2 million US dollars, with a single-day loss reaching 5 million. Address: 0xd47587702a91731dc1089b5db0932cf820151a91