SK Hynix Shorts Lead Creates $14.45 Million Buy Order, Plans to Long After Stop-Loss of Short Position

BlockBeats News, June 9th, according to Hyperinsight monitoring, SK Hynix has risen by 20.6% from the low since the opening on Monday and continues to rise today. In the ongoing bullish market, a certain short-selling whale on the platform created a TWAP buy order totaling $14.45 million in the afternoon, planning to first completely close the SKHYNIX short position with a stop-loss and then switch to a long position.

If the buy order is fully executed, it is estimated that the long position will reach $6.4 million, at which point the address will transition from short to long, becoming the largest long position on SK Hynix on the Hyperliquid platform.

Address: 0x469e9a7f624b04c24f0e64edf8d8a277e6bf58a5