SK Hynix Falls Over 10%, On-chain SKHX Largest Short Position Loss Narrows to $1.9 Million

BlockBeats News, June 23, according to Hyperlnsight monitoring, the largest short address of SKHX, 0x4c78...a2444, which was previously deeply underwater due to the continuous rise in SK Hynix's stock price, has seen its unrealized losses narrow from about $3.7 million to $1.9 million today as South Korean semiconductor stocks collectively plummeted. Interestingly, although this whale was trapped in the market due to heavily shorting both American and South Korean stocks during the bullish period, it has made a total profit of over $750,000 through funding rates.

The address, created in May this year, shorted 8,333 xyz:SKHX with 4x leverage, with a position value of around $14 million, an average entry price of $1,460.91. At one point, it faced unrealized losses of over $3.7 million. Today, as the stock price dropped, its unrealized losses decreased to $1.9 million, while it made a funding rate profit of $450,000. The liquidation price is $2,041.06, providing a certain safety margin before liquidation.

In addition, this whale, who enjoys shorting at high prices, also holds other short positions:

xyz:MU: Position value of around $5.53 million, unrealized loss of about $1.4 million, funding rate profit of $171,000

xyz:DRAM: Position value of around $3.01 million, unrealized loss of about $400,000, funding rate profit of $49,000

xyz:COPPER: Position value of around $2.19 million, unrealized gain of about $116,000, funding rate profit of $37,000

xyz:NVDA: Position value of around $1.52 million, unrealized gain of about $160,000, funding rate profit of $11,000

xyz:SMSN: Position value of around $1.82 million, unrealized gain of about $60,000, funding rate profit of $28,000

xyz:BB: Position value of around $2.65 million, unrealized gain of about $60,000, funding rate profit of $7,495

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