This whale is still adding more to his #SP500# short!
He now holds a 5,056 xyz:SP500($37.7M) short position and is already down over $2.22M unrealized.
Liquidation price: $8,104.94
I’d like to see how $BTC performs once SP500 has its final retrace this year before the bull run begins.
The next drop in legacy assets this year will likely mark the pivot point for BTC to move toward new highs.
We are indeed in a economic simulation.
HIP-3 markets are seeing serious open interest.
SP500 leads with $445.9M OI, followed by GOLD at $399.1M and SKHX at $373.6M.
With $2.2B+ combined OI across the top 10 markets, Hyperliquid’s HIP-3 ecosystem is putting major traditional assets on-chain. ⚡
Top HIP-3 Markets by Open Interest:
🔸SP500 — $445.9M
🔸GOLD — $399.14M
🔸SKHX — $373.6M
🔸XYZ100 — $22.8M
🔸CL — $152.1M
🔸SPCX — $149.04M
🔸SNDK — $142.2M
🔸SILVER — $136.9M
🔸MU — $130.6M
🔸GOOGL — $119.04M
Market is relaxed and on vacation before Jackson Hole and the BLS revision. 1DTE SP500 25d risk-reversal is -2.1 which is the 29th percentile over the past year.