Hyperliquid's Largest S&P 500 Whale Takes Profits, Reduces $6.5M Position in 2 Hours

According to Hyperinsight, the largest S&P 500 long-position whale on Hyperliquid took profits over the past 2 hours on May 15, reducing 1,247 contracts worth approximately $6.5 million. The whale's total S&P 500 long position decreased to 5,000 contracts (valued at $37.14 million) with an average entry price of $7,016, retaining unrealized gains of $2.05 million.

The address also maintains a $7.2 million ZEC short position that has experienced losses of $820,000, representing a -59% drawdown.