Shorts getting crushed! Spot surges 3%, $SKHYNIX 950 moves sideways as whales sharpen their knives for a short squeeze

Spot ignites, futures play dead—the calm before the storm is the most dangerous.

Personal view: The KOSPI surged nearly 3% today, breaking 5500 points, while SK Hynix shares in Korea jumped more than 4%, with foreign investors buying for four consecutive days. But the SKHY contract price is pinned at 950. Over the past 24 hours, whale shorts have unrealized profits of 4.91 million U, while longs have unrealized losses of 1.31 million U. Shorts have been comfortable for too long.

On the liquidation map, short liquidations are densely packed like a wall above 976–1004, while the long liquidation zone below is distant and sparse. The whales' intentions are clear: use spot strength to provide support and squeeze shorts higher in futures, rather than reverse course and liquidate longs. The market has absorbed the shock of Jensen Huang's resignation, and conditions are ripe for a short squeeze.

Trading advice: Aggressive traders can go long at the current price of 950; conservative traders can wait for a pullback to 935–940 before going long.

Foreign buying in spot, the pull of short liquidations above, and whale shorts' outsized profits make them the prey. Go long!!

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#黄仁勋辞职 #美国10月PPI即将出炉