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

Odaily Odaily reported that according to Lookonchain monitoring, a whale "0x97f8" opened a high-leverage short position against the S&P 500 Index (SP500) approximately 5 hours ago, with its 50x leveraged notional position size reaching about $111.6 million.

Analysts believe that the market is closely monitoring U.S. economic data, the Federal Reserve's interest rate path, and the trend of risk assets. Against this backdrop, such a large-scale, high-leverage short operation has attracted market attention, reflecting that some funds hold a cautious or even bearish outlook on the future market.