The first buyer bought at a price 55% higher than the current price, and HODLer of the largest loss on Micron has been holding the position for 28 days.

BlockBeats News, July 24th, according to Hyperinsight monitoring, the whale with an address starting with 0x511 is still holding strong at a high level in SK Hynix. It currently holds 4034 SKHX long positions with 3x leverage, with an average entry price of $1622.6, a position value of approximately $4.942 million, a liquidation price of $923.67, and an unrealized loss of $1.6034 million (-73.5%). It is currently the largest unrealized loss address for SKHX.

This long position started in the early morning of June 26th (Beijing time) and has lasted for 28 days. At that time, SKHX was still around $1900. The initial purchase was made at an average price of $1898.5 for 325.5 positions, which is now 55.1% higher than the current price. As the price continued to drop, additional purchases were made at around $1659, $1678, $1436, and $1361. After the last additional position on July 15th, the position has remained unchanged.

Maintaining this position has been costly: the net funding fee paid since the opening of this long position is approximately $198,200. The current hourly funding rate is about +0.00955%, still in favor of long funding. Based on the static estimation of the current position, the expenditure is about $472 per hour.

In the long run, this is a trader known for patience. Previous large transactions completed by this trader were long-term holdings in US stock proxies — Micron for about 45 days, Marvell for about 29 days, Cerebras for about 39 days, with a cumulative net profit of about $494,500. The same patience that was once the source of profit has now led to deeper resistance in Hynix...

Data shows that SK Hynix (SKHX) on Hyperliquid reached a daily high of $1302.8 today, then quickly plunged to $1214.3, experiencing an intraday pullback of 6.8%.