Data: A certain short position on SK Hynix's whale holdings has already lost principal, with unrealized losses reaching 1.6 million USD

Mars Finance News, according to Hyperinsight monitoring, SK Hynix’s stock price has recently been on a continuous upward trend. On Hyperliquid, all mega whales with SKHYNIX (SK Hynix mapping contract) worth over one million dollars are currently short positions, all of which are floating losses.
The largest floating loss whale opened a position on February 20th, shorting 3,394.6 shares of SKHYNIX (approximately $4.36 million) with 4x leverage, with an entry price of $816 and a liquidation price of $1592.
After nearly three months of holding, the floating loss has expanded to $1.58 million, a loss of 119%, more than double its initial capital, and it has not closed the position as of press time.
At a position where SK Hynix has hit a historic high, the Hyperliquid contract is temporarily quoted at $1,299. The new short positions continue to enter, with the latest whale entry average price at $1,250; the on-chain short address closest to liquidation is at $1,451.

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