Since the weekend, a total of 4 SK Hynix whales have "changed course" to short, holding a combined $16 million in short positions.

BlockBeats News, August 31st. According to TradingBeats monitoring, since Friday, among the stock addresses with significant position adjustments on Hyperliquid, the four key addresses 0x84ab, 0x269e, 0x2f9b, and 0x4c78 collectively held approximately $4.215 million in long positions, $3.169 million in short positions, with a net long position of about $1.046 million.

After a weekend, all four addresses have switched to short positions, currently collectively shorting 12,164.76 SKHX, with a position value of around $14.775 million. During this period, the positions of the four have collectively shifted to the short side by 13,035.52 SKHX, worth approximately $15.833 million at the current price:

- 0x84ab was close to emptying its long position on Friday and started building short positions on Saturday, currently shorting around $4.615 million;

- 0x269e still held 2,309.47 long positions on Friday, closed them this morning and immediately reversed to short, currently shorting around $1.393 million, with a realized loss of about $116,000 during the reversal phase;

- 0x2f9b directly switched from 1,200 long positions to 1,800 short positions, with the current short position value of approximately $2.186 million;

- 0x4c78 was already short on Friday, then continued to add to the short position, currently expanding the short position to around $6.581 million.

This round of concentrated shorting occurred against the background of a slight increase in SKHX over the weekend. SKHX closed at $1,200.9 on Friday, now trading at $1,214.6, up about 1.1% since the weekend. The weighted average cost of the existing short positions for the four addresses is around $1,174.54, with a total paper loss of about $487,000.

The nominal OI of SKHX decreased from approximately $328.9 million on Friday to around $315 million currently, a decrease of nearly 4%. Among the current 66 million-dollar level SKHX positions, there are 35 long positions and 31 short positions, with a long/short ratio of 1.13; however, the amount long/short ratio is only 0.71, with a net short of around $36.755 million. The four key addresses account for about 11.7% of the large short positions.