“Sell the rallies” giant whale reduces SK Hynix positions, increases Samsung short positions, and is currently SK HYNIX’s largest short seller

BlockBeats News, June 11th, according to Hyperinsight monitoring, the "high-level shorting" whale (0x4c78...2444), who previously heavily shorted Korean semiconductor stocks, reduced its SK Hynix (SKHYNIX) short position 7 hours ago, and increased its Samsung Electronics (SAMSUNG) short position 3 hours ago.

Currently, this address still holds approximately $9.44 million in SK Hynix shorts, with an unrealized profit of $357k; about $1.05 million in Samsung Electronics shorts, with an unrealized profit of $45k. It also holds short positions in MU, DRAM, COPPER, NVDA, MRVL, BB, and others, with a total position value of $24.24 million, 100% short. This address has made a profit of $3.09 million from perpetual contracts over the past week. It remains the platform’s largest short seller of SK Hynix.

Today, the Japanese and Korean stock markets opened sharply lower, with the Korea KOSPI index dropping over 4%, Samsung Electronics falling nearly 5%, and SK Hynix dropping over 4%. Previously, SK Hynix rebounded on positive news from Nvidia cooperation, but its stock price is under pressure again. On the macro front, the US May CPI soared to 4.2% year-over-year, hitting a three-year high, but Trump stated support for the new Federal Reserve Chair Waller’s independent decision-making, and the market expects next week’s rate decision to remain unchanged. The whale’s rebalancing may be to avoid short-term rebound risks and continue betting on semiconductor sector underperformance.

Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444

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