TradingBeats data showed that two whale addresses on Hyperliquid adjusted their U.S. equity index exposure after the Producer Price Index (PPI) release and before the Consumer Price Index (CPI) announcement, building a combined short notional of about $36.882 million across XYZ100 and SP500.
One address beginning with 0x469e had previously been flat, then opened a 500-contract short in XYZ100 after the PPI data. The position was built at an average entry of about 29,015.81 points, with roughly $14.508 million in executed value. At the time of publication, the address was still holding the full short, valued at about $14.536 million, with an unrealized loss of around $28,000. It had also placed a trigger take-profit market order at 28,800 points, about 0.9% away from the current price.
A second address, beginning with 0x42bc, rotated its short exposure. It first closed about 500 XYZ100 short contracts for an estimated $253,000 profit, then shifted to SP500 and built a 2,942.73-contract short worth about $22.375 million at an average entry of roughly 7,603.33 points. That SP500 short was valued at about $22.353 million at publication, showing an unrealized gain of around $22,000, while the trader still retained a plan to add about $1.384 million in additional shorts.
According to TradingBeats, two whale addresses on Hyperliquid adjusted their U.S. equity index positions after the PPI release and before the CPI announcement, building combined short exposure of about $36.882 million across XYZ100 and SP500.
0x469e opens a fresh XYZ100 short
An address beginning with 0x469e had previously been flat. After the PPI data, it started building a short position in XYZ100, selling a total of 500 contracts with about $14.508 million in executed value and an average entry of roughly 29,015.81 points.
As of publication, the address was still holding the full XYZ100 short. The position was worth about $14.536 million and showed an unrealized loss of around $28,000. The trader had also placed a trigger take-profit market order at 28,800 points, about 0.9% from the current price.
0x42bc rotates from XYZ100 to SP500
Another address, beginning with 0x42bc, completed a shift in its equity index short exposure. It first closed about 500 XYZ100 short contracts, realizing an estimated profit of around $253,000, and then moved that risk to SP500.
The address went on to build a 2,942.73-contract SP500 short with about $22.375 million in executed value at an average entry price of roughly 7,603.33 points. At the time of publication, that SP500 short was worth about $22.353 million and was showing an unrealized gain of around $22,000. The address also kept an additional short plan worth about $1.384 million.
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