After multiple forced liquidations, the "buy the dip and sell the rally" whale shorted the S&P 500 with 50x leverage, incurring a 19% loss immediately upon opening the position.

BlockBeatNews

2026-04-02 06:52:10

BlockBeats report, April 2, according to monitoring by Hyperinsight, over the past 20 minutes, the “chase the rise and sell the drop” whale (0x965) opened a 50x leveraged S&P 500 (Standard & Poor’s 500) short position, with a position size of $12.2 million, at an average entry price of $6,453.5. Just ten minutes after the position was opened, it was already down by 19%, or about $45,000; its current liquidation price is $6,537.7.

In addition, the address has completely closed its BRENTOIL short position that it chased again for a sell during the day; the intraday loss has already reached $806,000. In total, it has subsequently topped up $478,000 in funds to Hyperliquid.

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