On March 20, according to Hyperinsight monitoring , in the past two days, the MakerDAO co-founder Rune's associated address (0x30d3…) completed the establishment of a short position in the S&P 500 mapping contract (SP500), with the open interest increasing to $4.66 million and an average price of $6,606. The position was opened yesterday.
At this point, the whale currently holds $13.6 million in long positions in crude oil (WTI and Brent crude) and $6.1 million in short positions in US stock indices (Nasdaq 100 and S&P 500), totaling over $20 million in open interest. Given the current escalating geopolitical conflicts, this strategy may be betting on the same macroeconomic logic: a continued stagflationary cycle.
