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SK Hynix’s primary short-selling force places a $14.45 million buy order, planning to stop-loss the short positions and then reverse to go long.
BlockBeats News, June 9th, according to Hyperinsight monitoring, SK Hynix has risen 20.6% from its lowest point since opening on Monday, continuing its upward trend today. Amid the ongoing rally, a major shorting whale on the platform created a TWAP buy order worth $14.45 million in the afternoon, planning to fully close the SKHYNIX short position to cut losses, then switch to a long position.
If this buy order is fully filled, its long position size is expected to reach $6.4 million, and at that point, this address will switch from short to long, becoming the largest long position for SK Hynix on the Hyperliquid platform.
Address: 0x469e9a7f624b04c24f0e64edf8d8a277e6bf58a5