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Whale activity in the S&P 500 and crypto markets resulted in a $4.32M loss for a major whale over the past week. The whale opened a $56.2M long position on the S&P 500 as the index reached $7,000, gaining $1.32M. However, whale movements in the crypto short market triggered significant losses, with a $28.2M short position in HYPE and ZEC losing $2.56M. The combined positions led to a net loss of over $4.32M.

Huo Xing Finance reports that, according to Hyperinsight monitoring, on April 16, the former "largest ZEC bear" whale opened a $56.2 million long position on the S&P 500 last week, betting on further gains in U.S. equities. Today, the S&P 500 index rose above $70 million, setting a new high, generating approximately $1.32 million in unrealized profits on this long position. Meanwhile, the whale simultaneously held about $28.2 million in short positions across 14 different cryptocurrencies, primarily concentrated in HYPE and ZEC. During HYPE’s strong rally today, the long position on this single asset incurred an unrealized loss of $2.56 million, becoming the largest source of loss. Netting both positions, although the crypto shorts amounted to only half the size of the S&P 500 exposure, the whale’s account累計 incurred over $4.32 million in losses over the past week, with a single-day loss of $500,000. Address: 0xd47587702a91731dc1089b5db0932cf820151a91Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.