"Whale Tracking": Last round's long position on SK hynix lost 4.4 million; the whale returns at full capacity, aiming for a 30% profit.
BlockBeats News, on July 9, according to monitoring by Hyperinsight, the major whale in storage stocks (0x9dcf), who lost about $4.4 million during the last bullish round on SK Hynix, has made another move. Currently, this whale holds a 2x isolated margin long position on SKHX on Hyperliquid: holding 21,206 contracts, approximately $30.805 million, with an average entry price of $1,410.93, current price around $1,452.55, with an unrealized profit of about $884,000 (+5.9%). This makes them the largest SKHX bull at present.
In terms of news, SK Hynix ADR is expected to be listed on Nasdaq after the US market opens on July 10 (UTC+8). The whale entered a position last night during US trading hours, executing a total of 7,907 buy orders within two hours at prices ranging from $1,390.50 to $1,425.00, with around $14.9 million in margin invested.
Additionally, they have placed 20 sell orders above to reduce their position, with prices between $1,880 and $1,900, totaling 14,073.268 contracts (about $26.61 million), covering approximately 66.4% of their current holdings. Based on the current price, this take-profit range would require another 29.4% to 30.8% rise in the share price to trigger.
Related previous whale news: South Korea's largest chip expansion couldn't stop a capital selloff, as a major SKHX bull previously chased the high and lost over $2.2 million in a single day
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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