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During the S&P 500 rally, "Trader 0xRay" strategically positioned a short trade at a peak, with a scale of up to $9.35 million.

2 hours ago

March 31st — Per Hyperinsight monitoring, U.S. major stock index futures rebounded nearly 1% on news that former President Trump is considering withdrawing troops without resolving the Strait of Hormuz blockade. S&P 500 contracts on the Hyperliquid platform briefly rose above $6,410 and were last trading at $6,398. During the modest market recovery, veteran crypto trader Ray (X handle: 0xRay518) opened a 20x leveraged short on the S&P 500 after it surged above $6,400, then added to the position at $6,410. His position now totals $9.35 million, with an average entry price of $6,405, $10,000 in floating profit (2.1%), and a liquidation price of $6,660. Ray currently holds the largest S&P 500 short position on Hyperliquid.
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