SK Hynix plunges 7.4% at midday; whales shorting at this morning's highs have realized nearly 60% profit on principal

Odaily Odaily reports that according to Hyperinsight monitoring, SKHX on Hyperliquid rose to a high of $1,353.2 at 9:15 AM today, before rapidly plunging at midday, hitting a low of $1,253.1 at 1:40 PM, a drop of 7.4% from its peak. As of press time, SKHX is trading at approximately $1,256.8, having largely given back its early morning gains.

One whale managed to complete a short position right before the latest peak. Between 7:00 AM and 9:10 AM today, this whale sold a total of 2,000 SKHX contracts through 491 trades, with an average entry price of $1,333.98. The transaction volume, calculated as px×sz, amounted to approximately $2.668 million, with transaction fees of around $160.

As of press time, this whale holds 2,000 short positions on SKHX with 10x full margin, a position value of approximately $2.5138 million, an unrealized profit of about $154,200, and a return rate of approximately 57.8%. The liquidation price is around $4,120.99. Currently, no take-profit or stop-loss orders for SKHX have been set.

Based on historical trading data, this whale is a medium-to-high frequency, multi-asset short-term trader. Over the past 7 days, the trading volume reached approximately $116 million, with profits amounting to $510,300. Previously, this whale mainly traded BTC and ETH in the crypto market. This marks the first time the whale has shifted positions to SKHX.