DeFiBullishCrypto Briefing · 4h ago7/10
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Whale 0x97f8 takes profits on $148M SP500 short position on Hyperliquid
A whale trader (0x97f8) closed a $148M short position on the S&P 500 index through Hyperliquid, a decentralized derivatives platform, taking profits on the trade. The transaction underscores how decentralized finance platforms are increasingly enabling sophisticated macroeconomic trading strategies traditionally confined to traditional markets.