Hyperliquid's Largest S&P 500 Long Position Holds $66.28M, Up $1.9M Since April 10

Gate News message, April 23 — According to Hyperinsight monitoring, the S&P 500 index surged to new highs last week and has since tested resistance three consecutive times with narrowing volatility and rising support levels. On Hyperliquid, the S&P 500 (U.S. benchmark equity index) contract dipped below $7,100 during the U.S. pre-market session and currently trades at $7,090.

The platform’s largest long position holder maintains a $66.28 million open position with an average entry price of $6,891, established on April 10. The position remains in unrealized profit of $1.9 million and has never been reduced since opening.

The address was previously known as the largest ZEC short holder and has historically maintained bearish positions across multiple altcoins. Its largest current crypto position is a HYPE short of $7.76 million with an average price of $36.91, currently showing an unrealized loss of $760,000.