“Whale Tracking” SK hynix whale gives back nearly 90% of unrealized profit, closing a $9 million short position and exiting

BlockBeats message: On July 15, according to Hyperinsight monitoring, the 0x4c7-prefix whale that had positioned short bets on Korean stocks during the “Semiconductor Destiny Week” has today closed all short positions in SK Hynix (SKHX). Its average entry price was about $1,453.

The value of this short position’s closing trades was approximately $9.0325 million, with an average closing price of about $1,424.47. In today’s round of closures, this whale recorded only about a $230,000 profit. Based on this, it suggests it took profit on only a small portion earlier; its net profit is about $560,000.

On July 14, around midday, when SKHX briefly fell to a low of $1,146.40, this position’s unrealized gains once reached about $1.991 million. After that, Hynix staged a strong rebound, and the unrealized profit rapidly dwindled. Ultimately, the whale chose to fully close out and exit near the break-even line.

“Whale alert”: 1 major address shorted Korean stocks’ “Semiconductor Destiny Week”; Samsung Hynix’s short position totals $14.8 million