Whale opens 50x leveraged short on S&P 500, position size reaches $112 million

Odaily Odaily reported that according to Lookonchain monitoring, whale "0x97f8" opened a highly leveraged short position against the S&P 500 index (SP500) about 5 hours ago, with a nominal position size of approximately $111.6 million under 50x leverage.

Analysts suggest that the market is currently closely watching US economic data, the Federal Reserve's interest rate path, and risk asset trends. Against this backdrop, such a large-scale, high-leverage short-selling operation has attracted market attention, reflecting that some capital holds a cautious or even bearish stance on the market outlook.