Short sellers raked in $2.79M! SKHYNIX longs are still holding on. Where will the next drop be?

Wan Ge's view: Shorts have absolute dominance; any bounce is a good opportunity to go short.

Smart money is quietly counting profits.
Short positions: 47.56M, crushing longs at 41.98M. Short average entry price: $1,654, floating profit +$2.79M, profit ratio 76%; Long cost: $1,590, floating loss $750K, profit ratio only 18%. It's clear who's making money.

Technical indicators are flashing red.
Price: $1,559, BOLL mid-line $1,595 lost, lower rail $1,519 is close. SAR at $1,502, a further 3.7% drop will fully turn the trend bearish. A bounce to the mid-line is the ceiling.

314% funding rate = long meat grinder.
Annualized 314% means longs pay 1% per day; holding flat for three days loses 3%. This is not bottom fishing; it's trapped positions being forced to hold. Once they close, it's "longs killing longs."

Wan Ge's trading advice:
Go short on a bounce to $1,595-$1,600, target $1,520, break below to $1,500.
Don't buy the dip; shorts' average cost is far at $1,654, their safety cushion is ridiculously thick.

The data is clear; shorts haven't let up yet. Do you think it can drop to $1,500? Share your view in the comments.

#Strategy拟回购股票 #USD1链上质押享年化8.26% $SKHYNIX ‌