Whale Watch: SK Hynix whale closes out $9 million short position, giving back nearly 90% of its unrealized gains

The closed short position amounted to approximately 9.0325 million US dollars, with the closing average price around 1,424.47 US dollars. The whale recorded only about 230 thousand US dollars in profit in this round of closing positions today; factoring in previous small take profits, the net profit is roughly 560 thousand US dollars.

At noon on July 14, SKHX dropped to as low as 1,146.40 US dollars, at which point the floating profit of the position once reached approximately 1.991 million US dollars. Afterwards, SKHX rebounded strongly and the floating profit shrank rapidly. The whale ultimately chose to close the position and exit near the cost line.