Samsung Electronics and SK Hynix Soar, While a Whale Bets Against the Trend with a $13 million Short Position

BlockBeats News, June 9th. According to Hyperinsight Monitoring, the South Korean stock market surged again midday, triggering a circuit breaker. Samsung Electronics and SK Hynix continued their gains, rising by 7.5% and 12.9% respectively. SK Hynix led the gains, boosted by the positive news of collaboration with NVIDIA to develop the next-generation memory, pushing its stock price back above $1400.

During the strong market recovery, a whale on the Hyperliquid platform initiated a short squeeze, using 4x leverage to short sell SK Hynix and Samsung at their peaks, with a total scale of $13 million. The specific positions are as follows:

SK Hynix Short: Average price $1,418, liquidation price $1,628;

Samsung Short: Average price $207.1, liquidation price $246.8.

This address is currently the largest short seller of SK Hynix on the platform, and as of the time of writing, they are still increasing their position.

Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444

-HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram community and make it an admin (with permission to send messages enabled) to automatically sync on-chain information.