CoinWorld News reports that news is circulating in the market that Samsung Electronics may announce a 900 trillion won share buyback plan, lifting Korean stocks and causing Samsung’s share price to surge by more than 10% at one point. Against this backdrop, a large whale opened a new 10x leveraged EWY short position on HyperLiquid, with a position value of approximately $5.31 million and an average entry price of $196.05. The whale currently has an unrealized loss of about $61.5k, with the liquidation level at $207.73—about 4.7% above the current price. The whale also holds a large long position of about $5.3 million, while the opposing side has about $3.7 million; overall, the positioning remains tilted bearish.

EWY-0.74%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
BoringButBullish
· 5h ago
Tenfold leverage + taking a position against the trend with the news—either reach mythic status or go to zero. I’ve got to say, I respect the gambling spirit of the Web3 crowd.
View OriginalReply0
MoonlightReef
· 6h ago
Whale long positions still have 5.3 million, while the opposing side has 3.7 million.
This long-short battle is more exciting than a Korean drama. I’ve got my small stool ready.
View OriginalReply0
GateUser-818d3026
· 6h ago
207.73 liquidation line—there’s only 4.7% left before liquidation from the current price. If EWY spikes again when the U.S. stock market opens tonight, it’ll send everything straight into a wipeout—exciting.
View OriginalReply0
ZenOfZK
· 6h ago
90 trillion won buyback, Korean stock market sentiment is rising, yet still going short. Is there some exclusive information about Samsung's fundamentals or is this purely a technical gamble on a pullback?
View OriginalReply0
GateUser-2eca626f
· 6h ago
This guy is really bold. As soon as Samsung announced the buyback positive, he dared to open ten times short, with an unrealized loss of $60k without blinking an eye.
View OriginalReply0