Betting on the continued U.S. stock market correction, a chain-based trader shorted the S&P 500 with 50x leverage within one hour.
According to Hyperinsight monitoring, within the past hour, a trader’s address on Hyperliquid aggressively opened a large short position on the S&P 500 Index (xyz:SP500). The address opened this position at approximately $7,454.5 using 50x full-leverage margin, shorting roughly $1.956 million worth of the S&P 500 Index (SP500).
