「Whale Discovery」: Midday SK Hynix Pullback Triggers Buy-the-Dip Frenzy, with Current Top Gainer Seeing Nearly 100% ROI

BlockBeats News, July 14th, according to Hyperinsight Monitoring, SK Hynix fell below $1,200 during today's intraday trading, triggering a concentrated buy-the-dip movement in the crypto derivatives market. Long positions for SKHX surged significantly on various platforms, with Binance's funding rate spiking to 0.5% every 8 hours and trading congestion intensifying.

On Hyperliquid, the most profitable large address in this round of dip buying is the address starting with 0x803. This address is currently long 1,500 contracts of SKHX with a 10x leverage, holding a total nominal value of approximately $1.949 million, with an average entry price of $1,183.3.

At the time of writing, SKHX is priced at around $1,299.5, roughly 9.8% above its cost line. The unrealized profit of this long position is about $174,300, with a ROI of 98.2%, making it the highest-return address among the visible large SKHX dip-buying addresses on the platform, with a liquidation price of $1,023.9.

Data shows that during the midday SKHX downtrend, this address completed 228 buy orders within approximately half an hour, accumulating 1,500 contracts from $1,165.7 to $1,204.4, with a total transaction amount of around $1.775 million. As SKHX quickly rebounded thereafter, its position swiftly shifted from accumulation at the low to substantial unrealized gains.

Currently, the address has placed two take-profit sell orders of 300 contracts each at $1,305.5 and $1,315.5, totaling 600 contracts and a nominal amount of approximately $786,000, covering 40% of the current long position. If both orders are filled, the remaining 900 contracts will continue to hold upward exposure.

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