SK hynix swings dramatically: a trapped long position of $8.65 million is at the mountain’s peak

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BlockBeats news: On July 16, according to monitoring by Hyperinsight, yesterday at midday, when the 0x8af-starting whale rallied to around $1,440 on SK Hynix (SKHX), it chased the move to open a position; in the short term it cumulatively opened 301 long orders, trading 6,008 contracts, with the execution price around $1,440.00. The size was about $8.6516 million; the entry price was about $1,439.91, bought right at the highest tier of this round of rebound.

After that, SKHX turned and plunged. As of the time of writing, it was around $1,237, falling about 14% from its cost line. Focusing only on SKHX long positions, the address currently holds a 10x fully margined position; its notional size has narrowed to about $7.45M. It is sitting on an unrealized loss of about $1.2M, with a return rate of about -138.6%.

SKHY-8.81%
SKHYNIX-8.78%
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