SKHX Smart Money Takes Profit and Exits, $20.9 Million Buy Order Planned at Key Support

BlockBeats News, August 25th, according to TradingBeats (formerly Hyperinsight) data, the largest long position holder of SKHX, the smart money holder at address 0xc8b, closed out 26,600 long positions yesterday afternoon. The closing transaction amount was approximately $32.188 million, with an average price of about $1,210.9, realizing a profit of around $1.952 million.

SKHX is currently trading at around $1,154.5. As of this morning, the open interest of SKHX decreased by approximately $63.39 million, a 16.4% decrease. The scale of the whale's position exit is equivalent to about half of the OI decrease during the same period.

However, the address has now placed 100 buy orders in the 1030 to 1060 price range, intending to buy back 20,000 SKHX contracts, with a notional value of around $20.9 million and a weighted average order price of around $1,045.

The above acquisition price range is approximately 8.2% to 10.8% lower than the current price. If all orders are filled, the whale will hold around $20.9 million worth of SKHX long positions again, and their new average cost will be about 13.7% lower than the previous day's closing price.

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