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A smart money gradually took profit on its SK Hynix long position, then reversed and placed an $8.66 million short position.
BlockBeats message: On July 10, according to on-chain analyst Ai Yi (@ai_9684xtpa) monitoring, the smart money yixie10 is gradually taking profits on its SK Hynix (SKHX) long position. It has already placed a TWAP take-profit order for 10,518.6 SKHX at an average order price of $1,496.5 (about $15.74 million). The order is currently being filled, and profits are expected to exceed $320k.
In addition, the smart money address plans to reverse and open an $8.66 million short position when SKHX breaks $1,598.8.