# Derivatives Wallet Raises S&P 500-Linked Long to $8.4 Million

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/35676
Published: 2026-10-20T13:12:22.000Z
Updated: 2026-10-20T13:12:22.000Z
Section: Investing

> The wallet cut its Zcash (ZEC) short by about $3.17 million but retained roughly $1.42 million in short exposure.

A derivatives wallet raised its S&P 500-linked long position to about $8.4 million while cutting its Zcash (ZEC) short by about $3.17 million, changing its exposure across both markets.

The SP500 long grew from about $3.09 million during a trading window that ran from 7:57 p.m. ET Oct. 19 (23:57 UTC) to 3:48 a.m. ET Oct. 20 (07:48 UTC). The wallet closed about $1.27 million in existing longs at a loss of roughly $597, then opened about $6.59 million in new longs.

The ZEC reduction began at 8:16 p.m. ET Oct. 19 (00:16 UTC Oct. 20) and continued through 3:48 a.m. ET Oct. 20 (07:48 UTC). The account closed about $3.41 million in shorts for a profit of roughly $73,300, then opened around $250,000 in new shorts. It retained a ZEC short valued at about $1.42 million.

The account has recorded more than $29.29 million in cumulative profit.