BlockBeats News, August 7th, according to TradingBeats (formerly Hyperinsight) monitoring, SKHX is currently trading at $1042.1. However, for the whale with an address starting with 0x6bb, the current price still seems far from its predetermined exit zone.

The address is currently shorting 6687 SKHX with 10x leverage, with a position value of around $6.969 million. The entry average price is $1338.3, with an unrealized profit of approximately $1.981 million and a return rate of 221.3%.

Even though it has already gained nearly $2 million in unrealized profit (a return rate of 220%), it still has take-profit orders for 5897 SKHX, which account for 88.2% of the current short position, set between $600 and $747.47, with a weighted take-profit price of $672.7.

This means that the highest take-profit price still needs to drop by another 28.3%, and the deepest level would require a 42.4% price retracement. If all orders are filled, based on the current average holding cost, it could lock in approximately $3.925 million in profits.

Today, the whale did not reduce its position during the rebound but instead continued to add to its short position through 10 TWAP transactions at around $1004.6, adding 790 SKHX, worth about $794,000. For over a month, it has been rolling its position by "selling the dip, shorting the bounce."

The address started significantly shorting on June 22nd at around $1892.3, and the overall cost has now rolled down to $1338.3. The total accumulated profit is about $7.887 million, with a profit of around $3.63 million in the past 30 days. Currently, about 99.4% of the contract exposure is still concentrated on SKHX.

What is most worth monitoring in the future is whether the take-profit orders from $600 to $747 start to move upward.