During a US stock market closure, a whale went long on the S&P 500, holding a position worth over $1.2 million in the bullish US stock market.

BlockBeats News, March 10th, according to monitoring, in the past 4 hours, an address starting with 0x58c continued to open 20x leveraged long positions in cash:USA500 (S&P 500 perpetual contract) during the U.S. stock market off-hours, with a position size of 1 million U.S. dollars and an average price of 6773 U.S. dollars. In addition, the address also held a long position in km:SMALL2000 (Russell 2000 perpetual contract) with a size of about 220,000 U.S. dollars, expressing bullish views on both the U.S. large-cap and small-cap stocks.

Data shows that the contract is currently priced at 6806 U.S. dollars, slightly higher than today's S&P 500 closing price of around 6795 U.S. dollars. During the off-hours when the on-chain contract price experienced a slight pullback to around 6756 U.S. dollars, the address had added to its long position.

In addition to U.S. stocks, the address also structured a crude oil hedging portfolio: longing xyz:BRENTOIL (Brent Crude Oil) while shorting km:USOIL (WTI Crude Oil), with a combined position size of 1.4 million U.S. dollars.