A whale plans to buy $28.625 million worth of SKHX, aiming to go long again below $1,160

Odaily report: A whale on Hyperliquid liquidated its SKHX long position last night, incurring a loss of approximately $1.027 million, then placed new buy orders this morning, waiting for the price to drop further before re-entering. At 02:11 today, the address placed 100 standard limit buy orders split across the $1,130 to $1,160 range, each for 250 tokens, planning to repurchase a total of 25,000 SKHX, corresponding to approximately $28.625 million, about 30.3% higher than the position it had just liquidated. The SKHX price during the same period was approximately $1,266, and would need to fall another 8.4% to 10.7% to enter its re-entry range.