That whale is really holding this short position firmly—still down -73% and playing it cool; the liquidation line is hanging over its head at $200. Is this faith, or are they trapped in a losing position?

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CoinNetwork
CoinWorld News reports that the giant whale skhx has reduced its short position by 55.76 coins at a high point, which is approximately $1,031,600.72 at the current price.
The short position size is $16,060,276.57, with an average price of $1,440.48, currently at a profit and loss of -$2,595,905.24, with a loss ratio of -73.87%.
The current price is $1,718.20, and the liquidation price is $1,994.44.
This address prefers to buy the top and short various targets, now being the largest short seller of SK Hynix, still in a loss overall, with a monthly loss of about $6 million.
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