Mega whale takes 50x leveraged short position on S&P 500, liquidation only 0.26% away

According to Hyperinsight monitoring, address 0x704… opened a S&P 500 short position with 50x leverage early this morning, with an average entry price of $6,512 and a liquidation price of $6,578. The position is only about 0.26% away from liquidation, with a floating loss of 53%. In addition, among the tens of millions level long positions on Hyperliquid, the closest to liquidation is address 0x965…, with a position size of $17.2 million, an average price of $6,532, and a liquidation price of $6,451.