Position size expands by 34%, SKHX smart money buys back $43 million in long positions after chasing gains

Odaily News: SKHX rebounded this afternoon, rising approximately 4.6% within two hours. Previously, the storage smart money address (0xc8b) was still holding no position, and had pre-placed 100 buy orders in the $1,030 to $1,060 range, planning to deploy approximately $20.9 million waiting for a pullback. After SKHX began to rebound, the address canceled the low-level orders and directly purchased 35,600 SKHX after 11:00 AM, with an actual transaction amount of approximately $41.646 million and an average execution price of approximately $1,168.2. As of press time, the address holds approximately $43.014 million in SKHX long positions with 3x leverage on a full-position basis, with unrealized gains of approximately $1.368 million, a return rate of 9.9%, and a liquidation price of $636.7. It currently retains two add-on orders in the $1,162.6 to $1,170 range, planning to buy another $2.074 million. Yesterday, the address closed out 26,600 SKHX long positions at an average price of approximately $1,210.9, profiting approximately $1.952 million. This round of position size has expanded by approximately 34%.