A wallet starting with 0x2b0f built large short positions in two U.S. stock index contracts early on Sept. 9, according to monitoring data cited by BlockBeats from TradingBeats. The address accumulated roughly $20.5889 million in short exposure across Nasdaq 100 and S&P 500 contracts, with the positions centered on XYZ100 and SP500.
For the Nasdaq 100 leg, the wallet shorted 331.6331 contracts between 07:03 and 09:10, with about $9.7866 million in executed value and an average entry price near $29,510.4. For the S&P 500 leg, it shorted 1,408.172 contracts between 07:11 and 07:25, with about $10.8023 million in executed value and an average entry price near $7,671.15.
As of publication, both short positions remained fully open, with a combined value of about $20.6156 million and a floating loss of roughly $26,600. The two trades used 30x and 50x cross leverage, with liquidation prices around $30,803.7 and $7,970.8. Funding records also show the address received about 771,300 USDC at 07:00, then another roughly 25,000 USDC, bringing total deposits to about 796,300 USDC. The first index trade took place at 07:03, around three minutes after the first funds arrived.
A wallet beginning with 0x2b0f built concentrated short positions in U.S. stock indexes early on Sept. 9, according to TradingBeats monitoring cited by BlockBeats. The address opened short exposure of about $20.5889 million across Nasdaq 100 and S&P 500 contracts.
Most of the position was built through two index contracts
The first leg was in the Nasdaq-linked XYZ100 contract. Between 07:03 and 09:10, the wallet shorted a total of 331.6331 contracts, with executed value of about $9.7866 million and a blended entry price near $29,510.4.
The second leg was in the S&P-linked SP500 contract. Between 07:11 and 07:25, the wallet shorted 1,408.172 contracts, with executed value of about $10.8023 million and a blended entry price near $7,671.15.
Positions were still fully open at publication
At the time of publication, both shorts were still being held in full. Their combined value stood at about $20.6156 million, while the unrealized loss was about $26,600.
The two positions used 30x and 50x cross leverage, with liquidation prices at around $30,803.7 and $7,970.8, respectively.
Funding hit the wallet minutes before the first trade
Fund flow records show the address received about 771,300 USDC at 07:00, followed by another roughly 25,000 USDC, bringing total deposits to around 796,300 USDC. The first index trade was recorded at 07:03, about three minutes after the first transfer arrived.
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