📰 【S&P TOP 1 holdings long hopes to outperform altcoin market, both sides result in a loss of $4.32 million next week】

BlockBeats news, April 16, according to Hyperinsight monitoring, last week, the previous "ZEC largest short" whale opened a position of up to $56.2 million in S&P 500 (Standard & Poor's 500 Index) long, betting on the continued rise of US stocks. During the day, the S&P 500 index rose above $7,000, hitting a new high, bringing approximately $1.32 million in unrealized profit from this long position. On the other side, it also held about $28.2 million in crypto market short positions, covering 14 different coins, mainly concentrated in HYPE and ZEC. During HYPE's recent strong rise, just this coin’s long position was floating a loss of $2.56 million.
I swear! Has this whale’s brain been caught in a door? One side going all-in on US stocks long, the other side wildly shorting altcoins! $HYPE directly wiped out $2.56 million! Does he really think the crypto world is an ATM? This back-and-forth play is slick, but next week he’ll be wiped out! The new high of US stocks has nothing to do with me, the real battlefield is in crypto! This move is just pure money-giving to the whales, hilarious! 👇👇👇👇👇