⚠️ A whale (0x97f8) opened a 50x short on 15,001 SP500 perp contracts — $111.6M notional — on Hyperliquid's xyz DEX. Liquidation price sits at $8,294.9. This is one of the largest single-name equity index shorts visible on-chain. The 50x leverage means even a modest rally would force liquidation — this is sized for a sharp near-term downside move, not a structural bear market bet. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A $111M 50x short on the S&P 500 is a directional macro bet, not a hedge. If the whale is right, expect cascading liquidations in other leveraged longs across crypto and equities. If wrong, the liquidation at $8,295 would add ~$111M of forced buying pressure. Verify on-chain: https://hypurrscan.io/address/0x97f8219e401f07752a60ddb0a75efda96d1389d9#perps --source: https://x.com/lookonchain/status/2064305206037488024 Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))