SK Hynix's largest bull adds $2 million to position against the trend

July 7 news, according to Hyperinsight monitoring, the whale with address starting with 0x0ad discovered yesterday did not stop losses during today's continued sharp decline in Korean semiconductor stocks, but instead continued to add positions after SK Hynix (SKHX) fell to around $1400. As of press time, the address has opened 97 long positions, all at a transaction price of $1400, with a cumulative purchase of 1,428.571 units, approximately $2 million.

After adding positions, its SKHX long position increased to 6,523.79 units, equivalent to about $9.02M, with an average price of $1559.32. The current price is $1383.30, resulting in an unrealized loss of approximately $1.15M.

Currently, the address also holds a MU long position of about $7.53 million, with an unrealized loss of about $978k. The total semiconductor long positions amount to approximately $978k, with an unrealized loss of about $16.55M. There is a SKHX take-profit sell order of 5,095 units above, with prices ranging from $1604 to $1615, with a nominal amount of approximately $2.13M.