A whale that shorted $147.6 million worth of SP500 has started taking profits, closing a position worth $52.45 million to secure a profit of $561,000.

Odaily Odaily reports that, according to Lookonchain monitoring, a whale that shorted $147.6 million worth of SP500 has begun to take profits. The whale closed 7,137 units of xyz:SP500, worth $52.45 million, realizing a profit of $561,000; it still holds 12,865 units of xyz:SP500, worth $94.07 million, with an unrealized profit of $1.49 million.