A Whale Who "Shorted 100 Cryptocurrencies" Goes Long on US Stocks with 50x Leverage, Opening a $120 Million Long Position on Stock Indexes
BlockBeats News, June 9, according to Hyperinsight monitoring, with the rebound of chip stocks providing support and tech stocks leading the gains, the S&P 500 and Nasdaq 100 saw a moderate recovery. A whale has been continuously increasing its long positions in the two major stock indexes since yesterday, with a total scale of $120 million. The specific positions are as follows:
50x Long S&P500: Scale of $70 million, average price $7,416.9, liquidation price $6,942.8;
30x Long XYZ100: Scale of $50 million, average price $29,187, liquidation price $25,175.
It is reported that the total position of this address account is $150 million. In addition to the above stock index long positions, there is another $30 million short position in 102 different cryptocurrencies, covering almost all mainstream tokens in the crypto space. In February of this year, the whale made substantial profits with a similar strategy of "heavy long position in metals, short position in the crypto market."
As of 10 minutes before the publication, the whale has partially taken profit on the long position in XYZ100.
Address: 0x7c930969fcf3e5a5c78bcf2e1cefda3f53e3c8fd
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.
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