A giant whale with a $14.45 million short position cuts losses and flips to go long; the market is pushed into a squeeze so extreme that, in the blink of an eye, the bears become bulls.

CoinWorld News: Since the open on Monday, SK Hynix has cumulatively risen 20.6% from its low point. Today, it continues its upward trend. In a steadily rising market, a major whale short seller on the platform created a buy order worth $14.45 million in the afternoon. The plan is to first fully close the SK Hynix short position to stop the loss, then flip the position and turn to long. If this buy order is fully filled, its long position size is expected to reach $6.4 million. At that time, the address will switch from short to long, becoming the largest SK Hynix long position on the HyperLiquid platform.