Annual Storage Whale Activates "Sell the Top" Strategy, Buys the Dip with 50% Off on MetaWhale Before Dawn

BlockBeats News, August 14th, according to TradingBeats (formerly Hyperinsight) monitoring, a whale starting with 0x1829 achieved a win rate as high as 95% in its historical 20 rounds of storage trading; however, it suffered a single loss in SKHX, swallowing all the previously accumulated profits.

It chased the SK Helios at $1909, cut loss near $902, swallowed the drawdown, and missed the subsequent 30% rebound.

On June 22nd, it reached a new storage high.

The whale chased the SK Helios at an average price of around $1909 at the peak; the next day, it plummeted, re-entered at $1685 to $1775, eventually holding 558.75 units, with a total investment of about $1.012 million, averaging down to $1810.43.

Since then, SKHX has been falling, and it has not repositioned. At 12:00 noon on July 29th, the whale proactively submitted a "reduction-only" market order, "closing" all positions at the valley of $902.6. This point also happened to be near the low point of $879.4 an hour later. The net loss of this round was about $557,000; recording a loss of about $507,300.

The liquidation point became the starting point of the rebound.

SKHX is now trading at $1169.4, up 29.6% from its average selling price, and about 33% rebound from the low of $879.4. SKHX briefly rose to $1216.5 this morning. If the whale continues to hold to this day, it may reduce its loss by $175,400.

Up to now, the address has not re-bought SK Helios, nor returned to trading.