All turned to short positions, with 4 addresses collectively holding a short position of $14.775 million in SKHX

Odaily News: The four addresses previously held approximately $4.215 million in long positions and $3.169 million in short positions, with an overall net long of about $1.046 million. The combined positions have shifted toward the short side by 13,035.52 units, equivalent to approximately $15.833 million at the current price. Among them, one address was nearly flat on Friday and began opening short positions on Saturday, currently holding shorts of about $4.615 million; another address still held 2,309.47 long contracts on Friday, but closed its longs and reversed to open shorts this morning, incurring a loss of approximately $116,000 during the position flip; the third address converted from 1,200 long contracts to 1,800 short contracts, with a current short position of about $2.186 million; the fourth address had already established shorts on Friday and continued to add to them, with a current short position of approximately $6.581 million. SKHX closed at $1,200.9 on Friday and is currently trading at $1,214.6, up about 1.1% since the weekend. The weighted average cost of the existing short positions across the four addresses is approximately $1,174.54, with a combined floating loss of about $487,000 at present. SKHX's notional open interest has fallen from approximately $328.9 million on Friday to around $315 million currently, a decline of nearly 4%. Among the current 66 million-dollar-level SKHX positions, there are 35 longs and 31 shorts, with an address long/short ratio of 1.13; on a dollar-value basis, the long/short ratio stands at 0.71, implying a net short of approximately $36.755 million. The four addresses account for about 11.7% of the large short positions in this category.