A prominent on-chain bearish whale in the South Korean stock market partially took profits, with the current position still standing at $4.67 million

BlockBeats News, March 4th, according to Coinbob Top Address Monitor data, the largest short whale of cash:EWY (iShares South Korea ETF synthetic asset) on the Hyperliquid platform has been continuously reducing its position to take profit since this morning, with a cumulative sell-off of about $1 million. The current position size is approximately $4.67 million, with an average price of $128, unrealized gain of $200,000 (36%), and a liquidation price of $146.

It is reported that affected by the consecutive two-day circuit breaker-triggered plunge in the South Korean stock market, the address opened a 9x leveraged short position at about $131 in EWY price yesterday, followed by a series of position rollovers, reaching a peak position size of $5.67 million.

In addition, the largest long position address in EWY (0x629a) currently holds a 20x leveraged long position with a position size of $5.86 million, an average price of $126, an unrealized loss of $210,000 (-69%), and this position was opened at 23:00 yesterday.