[A Whale Address Closes 7,137 xyz:SP500 Contracts, Profiting $561,000 from a $150M Short Position on the S&P 500] According to Lookonchain, a whale previously established a short position worth approximately $147.6 million on the S&P 500 through synthetic asset xyz:SP500 and has now begun taking profits in batches. The address has closed 7,137 xyz:SP500 contracts with a notional value of approximately $52.45 million, realizing a profit of $561,000. It still holds 12,865 contracts with a notional value of approximately $94.07 million and an unrealized profit of about $1.49 million.