Micron's Reversal Gamble After the Meltdown, Whale Deeply Bagholding Sets $10 Million Buy Order to "Double Down and Double Down Again"

BlockBeats News, July 28th, according to Hyperinsight Monitoring, in the current SKHY holding address, a whale starting with 0xdb0 is the top holder with a unrealized loss of approximately $993,000, ranking first, with a loss scale nearly 10 times that of the second-place holder.

The address currently holds a long position of about 47,500 SKHY with 5x leverage, with a position value of around $6.547 million, an average entry price of $158.87, and a return rate of -65.8%; the liquidation price is $124.78, only about 9.6% away from the current price.

This whale has been trading SKHY since its listing, realizing approximately $553,000 in profits in the first round of trading; on July 15th, they re-entered from around $184, with an entry price 23.5% higher than the listing price. Subsequently, as SKHY continued to fall, they kept adding to their position, gradually reducing the average entry price to $158.87.

After SKHY's initial break below the listing price, the address further created 100 layered buy orders today, spreading the averaging range from $136 to $52.3, planning to add about 113,600 tokens, with a total order value of around $10 million and a weighted average order price of $88.05.

Among them, the lowest buy order is set at $52.3, 62.1% below the current price and 64.9% below the listing price, equivalent to 35.1% of the listing price. If all orders are executed without triggering liquidation and with sufficient margin, their SKHY long position will increase to approximately 161,000 tokens, expanding to 3.4 times the current position, and the comprehensive average entry price could drop to around $108.92.

When the last tier order is executed at $52.3, the unrealized loss of the position is expected to expand to approximately $9.121 million...