Micron Tumbles, Short Whale Floats $8.83 Million Profit, Leverage Reaches 200%

BlockBeats News, July 27th, Hyperliquid Shanghai Lishi (SKHX) quickly dropped after opening at 8:00 AM Beijing time, reaching a high of $1250.6 and then dipping to a low of $1171.8, a range decrease of 6.30%; currently trading at $1181.9.

According to Hyperinsight monitoring, a whale with a short position starting with 0xebe currently holds 33,700 SKHX shorts with 10x leverage, with a position value of approximately $39.9 million, an average entry price of $1317.1, current unrealized profit of about $4.5638 million, a return rate of 102.65%, and a liquidation price of $1938.6.

In addition to the current unrealized profit, this whale has previously taken profits of approximately $2.9972 million through partial liquidation. At the same time, during the holding period, they have accumulated approximately $1.2672 million in funding fees, with the single funding fee income already equivalent to 28.5% of the current remaining position's theoretical principal.

According to Hyperliquid data, the current hourly funding fee rate for SKHX is about 0.0215%. If the rate and position remain unchanged, the whale can still earn approximately $8550 in funding fee income per hour.

Considering the current unrealized profit, historical realized profit, and funding fee income, the total gross profit of this round of SKHX shorts by the whale has reached approximately $8.8282 million.

Calculated with 10x leverage, the theoretical margin for their current position is about $4.4458 million. Out of this, the total unrealized profit and funding fee income amount to approximately $5.831 million, which is 1.31 times the initial margin; when taking into account the previous realized profit, the cumulative gross profit is about 1.99 times the theoretical entry capital.

The whale's initial capital investment was much lower than the current position size. They first entered the SKHX short position on the evening of June 24th, accumulating 131.243 shorts that day, with a transaction volume of about $22.55 thousand. Calculated with 10x leverage, they established a base position with only about $2.25 thousand in margin. Subsequently, this address continuously added to the position and between 8:00 AM and 9:24 AM today, they added 620.5 shorts at an average price of $1207.7, with a transaction volume of about $74.95 thousand.