Hyperliquid S&P 500's largest long position first take profit: closed $10 million, remaining position still worth $64 million

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Mars Finance news: On May 7, according to Hyperinsight monitoring, the largest S&P 500 long position on Hyperliquid—currently holding up to $74 million—after nearly a month of heavy positioning, initiated profit-taking for the first time. During this period, the position recorded a cumulative unrealized profit of more than $4.2 million. Within the past 2 hours, this address has partially closed positions of nearly $10 million in batches around $7,370. This profit-taking resulted in a gain of about $550,000. After reducing the position, it still holds a 5x leveraged S&P 500 long with a remaining size of $64 million, with an average entry price of $6,946. The long base remains solid.
Address: 0xd47587702a91731Dc1089B5DB0932cF820151A91

SPX-2.45%
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