Address 0x97f8 significantly shorted the S & P 500 contract on the chain, with a nominal size of more than US$110 million

According to Lookonchain, an address "0x97f8" opened a position on the chain today to short the S & P 500 related contract xyz: SP500, using 50 times leverage to short 15,001 contracts, with a nominal size of approximately US$111.6 million. The current strong parity of this position is 8,294.9 points, which is only about 9% buffer space compared with the current position of about 7600 points in the S & P 500. This means that once the index continues to rise in a highly leveraged environment, the account will face a higher risk of opening the position.