「Whale Tracking」 Whales went long on Rolex in the last round, losing $4.4 million. The whale fully exited the position and took profit, aiming for a 30% price increase.

BlockBeats News, July 9th, according to Hyperinsight monitoring, the storage chip main whale (0x9dcf) who lost about $4.4 million in the last long position on SK Hynix once again made a move. Currently, they hold a 2x leveraged long position on SKHX on Hyperliquid: holding 21,206 contracts, equivalent to $30.805 million, with an average price of $1,410.93, and the current price is around $1,452.55, with an unrealized profit of about $884,000 (+5.9%). They are now the largest long position holder in SKHX.

On the news front, SK Hynix ADR is expected to debut on the Nasdaq after the U.S. stock market opens on the evening of July 10th Beijing time. The whale initiated the position last night during the U.S. stock market hours, with a total of 7,907 buy orders executed within two hours, at prices ranging from $1,390.50 to $1,425.00, committing approximately $14.9 million as margin.

In addition, they have placed 20 take-profit sell orders above, with prices ranging from $1,880 to $1,900, totaling 14,073.268 contracts, equivalent to $26.61 million, covering about 66.4% of their current position. Based on the current price, the price needs to rise by approximately 29.4% to 30.8% to reach this profit-taking range.

As of 11:10 am, the whale has gone from a profit to a loss.

Previous whale news: South Korea's largest chip expansion unable to withstand fund stampede, a long whale previously chased the SKHX price to new highs and lost over $2.2 million in a single day