After multiple forced liquidations, the "buy the dip and sell the rally" whale shorted the S&P 500 with 50x leverage, incurring a 19% loss immediately upon opening the position.

MarsBitNews · 2026-04-02T07:33:43+00:00

According to Mars Finance, on April 2nd, the whale (0x965) opened a $12.2 million S&P 500 short position with 50x leverage, incurring a loss of approximately $45,000, with a liquidation price of $6,537.7. At the same time, the whale closed a BRENTOIL short position within the day, with a loss of $806,000, and added $478,000 to cover the margin.

MarsBitNews

2026-04-02 07:33:43

Abstract generation in progress

Mars Finance reports that on April 2, according to Hyperinsight monitoring, over the past 20 minutes, the “buy high and sell low” whale (0x965) opened a 50x leveraged S&P 500 short position, with a position size of $12.2 million, at an average price of $6,453.5. The position experienced a 19% loss—approximately $45,000—within just ten minutes of opening; its current liquidation price is $6,537.7. Additionally, this address has fully closed its BRENTOIL short position, which it had again chased short during the day. The intraday loss has already reached $806,000, and it has successively topped up $478,000 in funds to Hyperliquid.

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