Sky Associates continues to increase its short positions in the S&P 500, with the total position now reaching $2.57 million.

CoinFeed reported on March 19th that, according to HyperInsight monitoring, in the past hour, an address (0x30d3…) associated with Sky co-founder Rune Christensen increased its short position in SP500 (S&P 500 contract), adding a total of 68.76 contracts, worth approximately $454,000. After this continuous increase, the address currently holds 390 short contracts of SP500 with 20x leverage, bringing its total open interest to $2.58 million, with an average holding price of $6,615.5. As of press time, the position has a slight unrealized profit of approximately $2,300, with a liquidation price set at $6,876. This address previously held long positions in CL (WTI crude oil) and BRENTOIL (Brent crude oil) on-chain, and had also opened short positions in XYZ100 and ETH as hedges.