That giant whale, smsn, just added another $310k to its short position, pushing its holdings to $3.44M. On paper it’s up $270k, but it’s losing $6M this month—classic case of a local win turning into an overall blowout. This “short the top” game: profits and losses are basically coming from the same pot, just saying, huh.

CoinWorld news: The whale increased its short position on smsn by 1,748.14 units, worth approximately $312,329.46, bringing its total position size to $3,446,880.73. The average price has fallen from $203.49 to $201.93. The current profit/loss on this short position is +$274,060.21 (+31.44%). The current price is $187.06, and the liquidation price is $223.20. This address prefers to top out and short various assets; it is currently the largest short seller of SK Hynix. Overall, it is still in a loss position, with a monthly loss of about $6 million.