A major whale on Hyperliquid has significantly increased its long position in the S&P 500, adding $5 million in longs overnight and early this morning. The whale, previously known for its bearish stance on ZEC, now holds a 5x leveraged S&P 500 long position valued at $61.6 million, with an average entry price of $6,878. This position has generated an unrealized profit of $1.42 million, making it the largest S&P 500 long on the platform. Simultaneously, the whale has reduced its short position in HYPE by approximately $4 million. Despite a slight decline in HYPE's price, the short position remains at an unrealized loss of $1.82 million. The whale's activity was reported by Huoju Capital, based on data from Hyperinsight monitoring.