During the S&P 500 rally, "Trader 0xRay" strategically positioned a short trade at a peak, with a scale of up to $9.35 million.

BlockBeats News, March 31st, according to Hyperinsight monitoring, the three major U.S. stock index futures rebounded by nearly 1% after being boosted by the news of "Trump considering withdrawing troops without resolving the blockade of the Strait of Hormuz." The Hyperliquid platform's S&P500 contract once rebounded above $6,410 and is now trading at $6,398.

During the slight market recovery, renowned crypto trader Ray (X: 0xRay518) opened a 20x leveraged short position on the S&P500 after it surged above $6,400, continuing to add to the short position at $6,410.

Currently, his position has been increased to $9.35 million, with an average price of $6,405, a floating profit of $10,000 (2.1%), a liquidation price of $6,660, now holding the largest short position on the S&P500 on Hyperliquid.