A major whale has begun closing its $148 million short position in the S&P 500, leveraged by 50 times, and is currently profiting $1.44 million.

CoinFeed reported on June 10th that, according to on-chain analyst Yu Jin, a major investor, anticipating a stock market rise after the release of US CPI data at 8:30 PM tonight, began closing out a $148 million short position in the S&P 500 on Hyperliquid, leveraged at 50x. This position, opened yesterday afternoon, is currently showing a profit of $1.44 million.