That whale’s shorting at the top this round on SMSN is indeed brutal—its average price is 199 and it’s now at 187, with a floating profit of 22%, but a monthly loss of $6 million. Overall it’s still underwater, and it’s not easy for the shorts either.

CoinWorld News: When entering at higher prices, the “short whale” has increased its short position on smsn by 3,124.96 contracts. Based on the current price, this is approximately $865,884.40. Its total position size is $6,272,308.16, with an average price of $199.09. The current price is $187.11, the liquidation price is $224.14, and the current profit/loss is +$362,571.44 (+22.42%). This address prefers to short various assets by trying to catch the top; it is currently the largest short position for SK Hynix. Overall, it is still in a loss-making state, with a monthly loss of about $6 million.