「Whale Watching」 Long on SK Hynix ADR Listing Fails, Trader 「yixie」 Temporarily Loses $1.8 million

BlockBeats News, July 13th, according to Hyperinsight monitoring, as of the time of writing, the price of SKHX on Hyperliquid is around $1,276, down over 13% from the previous trading day. Stock trader "yixie" currently holds a 2x leveraged long position on SKHX on Hyperliquid, with a position size of approximately $12.855 million, unrealized loss of about $1.801 million, and a position return rate of -24.6%; the average entry price is $1,461.8, with a liquidation price of around $792.8.

The trader had previously heavily longed Micron Technology (MU), with a total buy-in of 8,949.192 shares, a transaction volume of around $7.865 million, eventually closing all positions and making a profit of about $870,000. After closing the MU long positions, the funds were further shifted to SK Hynix.

Data shows that "yixie" concentrated additional buys on SKHX from July 9th to 10th, rather than the non-U.S. stock ADR contract SKHY; however, the opening of the positions was close to the official listing of SK Hynix ADR, possibly to bet in advance on the price performance after the ADR's Monday opening.

Despite the current unrealized loss, there is still a high-level take-profit plan in place. Currently, there is a take-profit sell order at $1,598.8 for 5,418.676 shares, with a nominal value of around $8.663 million, covering approximately 54% of the existing position. The order price is about 24.7% higher than the current price.

Previous Whale Alert: Micron's Earnings Report Boosts SK Hynix's Stock Price by 11%, Trader "yixie" Expands Unrealized Profits to $1.3 million

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