A whale has started closing its S&P 500 short position, currently sitting on a profit of $1.44 million

Odaily reported that, according to on-chain analyst EmberCN, the US CPI data is due at 8:30 PM tonight. The whale believes the stock market will rise following the data release and has begun closing its 50x leveraged S&P 500 short position worth $148 million on Hyperliquid. The short position was opened yesterday afternoon and is currently showing a profit of $1.44 million.