Hyperliquid S&P 500 Largest Long Position Takes First Profit: Closed $10 million, Position Still Holds $64 million

**On May 7, HyperInsight monitoring (via https://t.me/HyperInsight) reports the holding size on Hyperliquid peaked at $74 million, with the largest long position tied to the S&P 500. After nearly a month of heavy positioning, the holder executed their first profit-taking move—accumulating over $4.2 million in floating profits during that stretch.** **In the past two hours, the address has gradually closed ~$10 million in positions around the $7,370 level, realizing ~$550k in realized profits. Post-reduction, it still maintains a 5x leveraged S&P 500 long: remaining size = $64 million, average entry price = $6,946, and the position remains solidly long.** **Relevant address: 0xd47587702a91731Dc1089B5DB0932cF820151A91**