BlockBeats News, April 16th, according to Hyperinsight monitoring, last week, the former "ZEC Maxi Short" whale opened a massive $56.2 million long position on the S&P500, betting on the US stock market's continued rise. The S&P 500 index surged above $7,000 intraday, hitting a new high, bringing in approximately $1.32 million in unrealized gains for this long position.

On the other hand, the whale also held about $28.2 million in short positions in the crypto market, covering 14 different coins, mainly focusing on HYPE and ZEC. During today's strong rally of HYPE, this coin's long position alone suffered a $2.56 million unrealized loss, becoming the biggest source of loss.

Despite the offset, although crypto shorts accounted for only half of its US index position, this whale account still accumulated losses of over $4.32 million in the past week, with a daily loss of $500,000.

Address: 0xd47587702a91731dc1089b5db0932cf820151a91