Samsung's $90 Billion Buyback Rumor Boosts South Korean Stocks, While a Whale Opens a $5.31 Million Short Position on EWY

BlockBeats News, June 24th, according to Hyperinsight monitoring, Hyperliquid reported that EWY (iShares South Korea ETF mapping contract) was at $198.6, with a 4-hour increase of 3.4%.

On the news front, the Asian stock market rebounded, with the South Korean stock market leading the gains. There were market rumors that Samsung Electronics may announce a 90 trillion KRW buyback plan. Samsung's stock price surged more than 10% at one point. However, the news that South Korea failed to join MSCI's developed markets is still unfolding.

On Hyperliquid, the whale address 0xd5f2 opened a new 10x short position on EWY this morning, with a position value of approximately $5.31 million, an average entry price of $196.05, and an unrealized loss of about $6.15 thousand. The liquidation price for this short position is at $207.73, approximately 4.7% away from the current price.

Data shows that this whale has a large long position of about $5.30 million in the same direction, with a counterparty position of around $3.70 million, indicating an overall bearish sentiment. The recent liquidation price for significant short positions is at $203.8, with the average entry price for short positions at $203.9, keeping the overall position above water.

Address: 0xd5f2e306cff8c7c9e47ebebf3e96e8fdd75c601c