BlockBeats message, March 31, according to monitoring by Hyperinsight, boosted by news that “Trump is considering calling off troops without resolving the Hormuz Strait blockade issue,” the three major U.S. stock index futures rebounded, rising nearly 1%. On the Hyperliquid platform, the S&P500 contract briefly rebounded to above $6,410, and is now at $6,398.
As the market made a modest pullback higher, the well-known crypto trader Ray (X：0xRay518) opened a 20x leveraged short after the S&P500 surged to above $6,400, continuously adding to the short position until the $6,410 price level.
His current position size has already been pushed up to $9.35 million, with the average entry price at $6,405. He is up $10,000 (2.1%). The liquidation price is $6,660. He is currently the largest short on Hyperliquid’s S&P500.
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