Hynix rebounds in the afternoon; a whale holds a long position worth $31.22 million in SKHX.

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Deep Tide TechFlow news, July 29. According to Hyperinsight monitoring, this midday SKHX rebounded more than 11% from its intraday stage low of $879.4. A massive whale starting with 0xc8b began chasing the rally in the afternoon and, within about half an hour, accumulated buying 31,968.2 SKHX, with a total transaction value of about $31.39 million and an average trade price of $981.9.

As of the time of publication, SKHX is trading at $976.62. The address is currently holding a long position with 3x leverage, with an unrealized loss of about $169k, a return rate of about -1.6%, and a liquidation price of about $553.70. This position has set the largest single-position holding record for the address to date, and has pushed it to #1 on the SKHX long-holders leaderboard.

Since the address first became active on July 24, the only trading targets have involved Micron, SanDisk, and Hynix, and all directions have been long. In the prior two rounds of Micron long positions, the per-round initial position size was about $28 million to $29.30 million; last night it also opened a SanDisk long position of about $14.66 million, and then exited the trade at a loss in the middle of today. Each round of its trading entered with positions in the tens of millions of dollars.

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