MakerDAO co-founder establishes position of $20 million, going long crude oil and shorting US stock indices

Gate News, March 20 — According to Hyperinsight monitoring, in the past two days, MakerDAO co-founder Rune’s associated address (0x30d3…) completed a short position on the S&P 500 index (a benchmark for the U.S. stock market) via a mapping contract. The position size increased to $4.66 million, with an average price of $6,606, opened yesterday. As of now, this address holds over $13.6 million in crude oil long positions (including WTI and Brent crude), $6.1 million in U.S. stock index short positions (including Nasdaq 100 and S&P 500), totaling over $20 million in holdings. In the context of ongoing escalating geopolitical conflicts, this strategy may be betting on the macroeconomic logic of the economy continuing to enter a stagflation cycle.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

XRP ETFs Hit $1.5B Inflows After SEC Clarity Unlocks Demand

XRP ETFs saw $1.5 billion in inflows post-regulatory clarity, driven by strong institutional demand and new SEC rules. Major firms increased their holdings, and XRP network activity surged, indicating robust adoption and investor interest in crypto.

CryptoFrontNews2m ago

Shiba Inu Sees 82.5B Token Outflow as Market Structure Shifts

Key Insights Shiba Inu saw 82.5 billion tokens exit exchanges within 24 hours, signaling reduced supply pressure and increasing accumulation behavior among larger holders. Exchange net flows remain positive as inflows persist, yet rising outflows suggest a gradual balance forming between

CryptoNewsLand5h ago

SUI Volume Surges 37% as Price Stabilizes Near Key Base

Key Insights SUI trading volume surged by 37%, signaling renewed participation as the price stabilizes near 0.97, reflecting a transition from prolonged downtrend conditions Futures inflows and bullish long-short ratios indicate rising speculative interest, while liquidation trends show

CryptoNewsLand6h ago

Tether Mints 1 Billion USDT, USDT Market Cap Surges Over $2 Billion in a Week

Tether minted one billion USDT, boosting its market cap by over two billion dollars in a week, reflecting rising demand for stablecoins.

GateNews8h ago

Kalshi Traders Forecast XRP to Hit $1.60 in April

Kalshi traders predict XRP will reach $1.60 in April amid rising demand and significant ETF inflows. With a bullish technical outlook and upcoming regulatory votes, XRP's market dynamics show potential for further gains, despite risks of declining support levels if outcomes are unfavorable.

CryptoFrontier11h ago

Goldman Sachs Files Bitcoin Income ETF Using Options Strategy

Goldman Sachs proposed a Bitcoin-focused income ETF that avoids direct Bitcoin holdings, using linked ETFs and options strategies for income. This filing reflects increased competition in the crypto investment space among major firms.

CryptoFrontNews12h ago
Comment
0/400
No comments