Crypto Whale Holds $4.67M SP500 Long Position, Shorts Major Stocks

2026-06-02 20:42

A prominent trader on HyperliquidX is maintaining a significant $4.67 million long position on the SP500 index, which has been open since March. The trader has already realized $2.05 million in profits, with an additional $2.62 million in unrealized gains. In a contrasting strategy, the same trader is shorting major stocks, including a $10.73 million short on NVIDIA, a $6.21 million short on Google, and a $3.09 million short on silver. This approach highlights a strategy of being long on the index while shorting individual components within it.

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