Whale shorts U.S. indices with a $20.6M position using up to 50x leverage

ME News reports that on September 9 (UTC+8), according to TradingBeats monitoring, the address starting with 0x2b0f concentrated on shorting U.S. stock indices this morning, accumulating approximately $20.5889 million in short positions on the Nasdaq 100 and S&P 500. The positions were primarily established on two index contracts: Nasdaq XYZ100: Between 07:03 and 09:10, a total of 331.6331 contracts were shorted, with a turnover of approximately $9.7866 million, at an average entry price of about $29,510.40; S&P SP500: Between 07:11 and 07:25, a total of 1,408.172 contracts were shorted, with a turnover of approximately $10.8023 million, at an average entry price of about $7,671.15. As of publication, both short positions remain fully open, with a combined value of approximately $20.6156 million and an unrealized loss of about $26,600. The positions were opened using 30x and 50x full-collateral leverage, with liquidation prices at approximately $30,803.70 and $7,970.80, respectively. Funding records show that the address received approximately 771,300 USDC at 07:00 today, followed by an additional 25,000 USDC, for a total deposit of approximately 796,300 USDC. The first index trade occurred at 07:03, approximately three minutes after the initial funds were received. (Source: BlockBeats)