📰 【S&P TOP 1 holdings long hopes for US stocks to outperform altcoin market, resulting 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 US stocks to continue rising. On the same day, the S&P 500 index rose above $7,000, hitting a new high, bringing the long position an unrealized profit of about $1.32 million. On the other side, it also held a short position in the crypto market worth about $28.2 million, covering 14 different coins, mainly concentrated in HYPE and ZEC. During HYPE's recent strong rally, 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 moment going all-in on US stocks long, the next aggressively shorting altcoins! $HYPE directly wiped out $2.56 million! Does he really think the crypto world is an ATM? This kind of mutual 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 market makers, hilarious! 👇👇👇👇👇