3x leverage, a 30 million position, and a 14% return—SPCX’s short is more aggressive than its long. In the crypto world, the bulls and the bears really are both coming out on top.

CoinWorld news: On HyperLiquid, the “SPCX largest short” whale has been continuously covering its SPCX short positions over the past 1 hour. Currently, this address is shorting 145,500 SPCX tokens with 3x leverage; the position value is approximately $27.7 million, unrealized profit is $1.4 million, and the return rate is about 14.4%. This address began building large short orders since yesterday, when the SPCX price was above $200. Today, SPCX has continued to fall and at one point dropped to around $190. During this period, the whale partially took profits, then increased its short holdings again, using some of the realized gains to roll the position. As a result, its current average holding price has dropped to $200.2.