Samsung's 90 trillion won buyback rumor boosts Korean stocks, with a major whale countering the trend by opening a $5.31 million EWY short position

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Deep Tide TechFlow News, June 24, according to Hyperinsight monitoring, EWY (iShares Korea ETF mapping contract) on Hyperliquid is priced at $198.6, with a 4-hour increase of 3.4%.

On the news front, Asian stock markets rebounded, led by South Korea, with reports that Samsung Electronics may announce a 90 trillion won buyback plan, causing Samsung's stock price to surge over 10% at one point, but the news that South Korea has not joined MSCI developed markets is still fermenting.

On Hyperliquid, address 0xd5f2 whale opened a new 10x EWY short position this morning, with a position value of about $5.31 million, an average entry price of $196.05, and an unrealized loss of approximately $61.5k. The liquidation price for this short is at $207.73, about 4.7% above the current price.

Data shows that this whale holds a large position of about $5.3 million in the same direction, with an opposing side of about $3.7 million, overall still leaning bearish; the recent liquidation line for large short sellers is at $203.8, with an average short entry line at $203.9, and the overall position remains underwater.

EWY-0.24%
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