Hyperliquid S&P 500's largest long position first profit-taking: closed $10 million, remaining position still $64 million

BlockBeats News, May 7th, according to Hyperinsight monitoring, the largest S&P 500 long position on Hyperliquid with a holding size of up to $74 million has, after nearly a month of heavy positioning, initiated a take-profit operation for the first time. During this period, the position has accumulated a floating profit of over $4.2 million.

In the past 2 hours, this address has gradually closed nearly $10 million of positions around $7,370, recording a profit of approximately $550k from this take-profit. After reducing the position, it still holds a 5x leveraged S&P 500 long position with a remaining size of $64 million, an entry average of $6,946, indicating the long position remains substantial.

Address: 0xd47587702a91731Dc1089B5DB0932cF820151A91

SPX-0.85%
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