The clever trader gradually took profit on their long position in SK Hynix and quickly placed a $8.66 million short position.

BlockBeats News, July 10th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), smart money yixie10 is gradually taking profit on the SK Hynix (SKHX) long position. He has placed a TWAP take-profit order for 10,518.6 SKHX at an average price of $1496.5 (approximately $15.74 million), which is currently being executed, with expected profits of over $320,000.

In addition, the smart money address plans to open a short position of $8.66 million when SKHX breaks above $1598.8.