A whale closed a 50x leveraged short position on the S&P 500, making a profit of over $1.56 million

Odaily Planet Daily News According to monitoring by Onchain Lens, the whale address 0x97f, which held a 50x leveraged short position on HyperLiquid's S&P 500 ($SP500), has fully closed the position. Data shows that the position ultimately achieved a profit of over $1,565,000. This liquidation also ends the address's high-leverage betting operation in the S&P 500 market.