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.