Sky Associates continues to increase its short positions in the S&P 500, with the total position now reaching $2.57 million.

PANews reported on March 19 that, according to HyperInsight monitoring, in the past hour, the address (0x30d3…) associated with Sky co-founder Rune Christensen rolled over its short position in SP500 (S&P 500 mapping contract), adding a total of 68.76 contracts, worth approximately $454,000.

After continuous additions to its position, this address currently holds 390 short positions in SP500 with 20x leverage, bringing its total open interest to $2.58 million, with an average holding price of $6,615.5. As of press time, the position is showing a slight unrealized profit of approximately $2,300, with a liquidation price set at $6,876.

This address previously held long positions in CL (WTI crude oil) and BRENTOIL (Brent crude oil) on the blockchain, and had opened short positions in XYZ100 and ETH as a hedge.