A certain whale took a long position on the S&P 500 during the US stock market closure, with a bullish US stock market holding exceeding $1.2 million.

MarsBitNews · 2026-03-10T08:48:26+00:00

On March 10th, an address starting with 0x58c opened long positions on the S&P 500 and Russell 2000 with 20x leverage during the US stock market closure, with a total position size of $1.22 million. At the same time, this address hedged positions in Brent and WTI crude oil, totaling $1.4 million.

MarsBitNews

2026-03-10 08:48:26

Abstract generation in progress

Mars Finance News, March 10 — According to Hyperinsight monitoring, in the past four hours, an address starting with 0x58c has been continuously opening long positions on cash:USA500 (S&P 500 mapped contract) with 20x leverage during U.S. stock market hours, reaching a position size of $1 million with an average price of $6,773. Additionally, this address holds a long position on km:SMALL2000 (Russell 2000 mapped contract), approximately $220,000, while also bullish on the U.S. stock market and small-cap stocks. Hyperliquid data shows the contract is currently trading at $6,806, slightly above today’s S&P 500 closing price of about $6,795. During market hours, when on-chain contract prices slightly declined, this address bought near $6,756. Besides U.S. stocks, the address also has an oil hedge portfolio: going long xyz:BRENTOIL (Brent crude oil) while shorting km:USOIL (WTI crude oil), with a combined position size of $1.4 million.

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