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SK Hynix Rollercoaster: Whale's $8.65 Million Long Position Liquidated at the Top

BlockBeats News, July 16th, according to Hyperinsight Monitoring, yesterday at noon, a whale with address starting with 0x8af chased the rebound of SK Hynix (SKHX) to around $1,440 and aggressively opened long positions. In a short period, they opened 301 trades, with a total of 6,008 lots traded at a price around $1,440.00. The total transaction size was approximately $8.6516 million, with the entry price around $1,439.91, perfectly catching the top of this rebound.

Subsequently, SKHX reversed sharply, dropping to around $1,237 at the time of writing, about a 14% decline from their entry. Focusing only on the long positions of SKHX, this address currently holds a 10x leveraged position, with the nominal size reduced to around $7.453 million, experiencing an unrealized loss of approximately $1.199 million, representing a return of about -138.6%.

Sumber: BlockBeats

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