BlockBeats News, July 13th, a whale starting with address 0xebe has been continuously shorting SK Hynix (SKHX) since June 16th, with the first short position being executed at a price of $1,623.10. In less than 27 days since then, the address has accumulated 21,371.212 short positions, closed 4,088.242 positions, currently holding a net position of 17,282.97, with the core short position being retained.

As of the time of writing, the nominal size of this 10x isolated margin short position is approximately $21.332 million, with an average position price of $1,615.9, a liquidation price of $1,849.3, a current unrealized gain of approximately $6.597 million, and a return on investment of about 236.2%.

In addition to the unrealized gain, the address has realized profits of about $400,000 from previous closings and has collected approximately $961,000 in SKHX funding fees. Calculated based on a collateral of around $2.793 million, the funding fee income alone is equivalent to 34.4% of the collateral. The total income from these three sources is approximately $7.958 million. After deducting a fee of about $1,269, the net income is $7.956 million, with a comprehensive return on investment reaching 285%.

Currently, the address continues to place take-profit orders. Each time a take-profit order is executed, it continues to place new short orders at lower prices in a small, continuous manner to realize profits from the SKHX short position. The most recent take-profit order has been lowered to $1,209.10, with a nominal amount of approximately $241,800.

The current single order covers about 1.2% of the current short position. If past operations are considered, as orders continue to be executed and further orders are placed lower, the cumulative position reduction will gradually increase. It remains to be seen whether the address will accelerate profit-taking or re-expand its position on a rebound of SKHX. Stay tuned for updates.

Address: 0xebe126adabe1a8f08d3ce53b45e7cc994ca14070