Unbelievable! This whale has carried a position for 28 days and is down 73.5% in floating losses—why on earth won’t they set a stop-loss?

On-chain, a 0x511-leading whale is heavily holding SK (skhx) and Hynix long positions; 4,034 lots have been carried for a full 28 days!
The average price is $1,622.6. The current price is down straight 73.5%, with floating losses of $1.6 million. They’ve already burned $198k just in funding fees. The liquidation price is 923.67—liquidation could happen at any moment.
Many retail traders are wondering: if it’s losing like this, why not stop-loss and run?
1. They’ve got deep reserves and high risk tolerance—they can keep topping up margin to ride out volatility; ordinary people can’t do that;
2. Betting on a reversal in the long-term AI storage cycle—placing a bet on a big rebound to dilute the cost;
3. They’re afraid that after setting a stop-loss, the price will immediately rebound—they can’t bring themselves to admit the call was wrong.
But the risk is obvious: every hour they still have to pay positive funding fees—the longer they hold, the more money they burn!
Do you think the whale can hold out until they break even, or will they be liquidated sooner or later? Chat in the comments.
⚠️ On-chain data is for reference only. High-leverage carry positions carry extremely high risk and do not constitute trading advice.