Storage Token Surges, Squeezing SKHX Bears, with Mark-to-Market Losses Reaching $4.08 million

BlockBeats News, August 14th, according to TradingBeats (formerly Hyperinsight) monitoring, during the storage stock cycle rise, the address starting with 0xebe has become the largest top bear in unrealized loss of SKHX. It is currently shorting 3.46 thousand SKHX with 10x leverage, with a position value of approximately $40.446 million, an average entry price of $1,051.9, an unrealized loss of about $4.078 million, a return rate of approximately -112.1%; the liquidation price is $1,720.7.

The price rise did not prompt it to reduce its position. In the past 24 hours, its net short position of SKHX has increased by approximately 1,800.6 tokens; since yesterday, it has accumulated an additional short position of 2,848.6 tokens.

The address is currently placing a regular sell order of 300 tokens at $1,174.7, planning to increase the short position by approximately $352,000; meanwhile, it has placed a regular buy order of 500 tokens at $1,164.2. Both orders are not "close only" or trigger orders, and no public stop-loss orders are currently visible.

Data shows that the address has incurred a cumulative loss of approximately $748,000 in the past 24 hours, and a loss of about $7.613 million in the past 7 days, making it a major bear in SKHX.

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