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Two whale addresses build $90 million in S&P 500 short positions

Two whale addresses build $90 million in S&P 500 short positions

Onchain Lens data cited by BlockBeats and PANews showed wallets 0x469 and 0x4ff opening leveraged SP500 shorts worth about $48 million and $42 million, with liquidation prices above 8,350.

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Fact Check
The claim is directly confirmed by the original Onchain Lens X post, which states whales opened SP500 shorts of 6,500 tokens at 20x ($48M, liq $8,413.66) and 5,686.66 tokens at 7x ($42M, liq $8,358.13) — matching the ~$48M and ~$42M figures and liquidation prices above 8,350 in the claim. BlockBeats (353002) and PANews both report identical figures for addresses 0x469 and 0x4ff, totaling ~$90M. All numeric details align across primary and secondary sources.
    Reference: 123
Summary

Two whale addresses opened leveraged short positions tied to the S&P 500 totaling about $89 million to $90 million, according to Onchain Lens data cited by BlockBeats and PANews on June 25. Address 0x469 opened 6,500 SP500 shorts using 20x leverage, valued at about $48 million, with a liquidation price of $8,413.66. Address 0x4ff opened 5,686.66 shorts using 7x leverage, valued at about $42 million, with a liquidation price of $8,358.13. Large leveraged short positions are closely watched because sharp market moves can trigger forced liquidations and amplify volatility.

Terms & Concepts
  • leveraged short position: A bearish trade using borrowed exposure to amplify gains or losses.
  • liquidation price: The price level where an exchange forcibly closes a leveraged position.
  • SP500 contracts: Derivatives tied to the S&P 500 index.