The largest on-chain short whale betting against the Korean stock market has partially taken profits, with current holdings still reaching $4.67 million.
BlockBeats news, on March 4, according to reports, the largest short whale (0x65c1) on the Hyperliquid platform for cash:EWY (iShares Korea ETF mapping contract) has been continuously reducing positions and taking profits since this morning, with a total reduction of about $1 million so far. The current position size is about $4.67 million, with an average price of $128, unrealized profit of $200,000 (36%), and liquidation price at $146.
It is reported that, affected by the Korean stock market's two consecutive days of plummeting and circuit breakers, this address opened a 9x leveraged short position at around $131 for EWY yesterday, then continued to roll over the position, with the peak position size reaching $5.67 million.
In addition, the current largest long address for EWY (0x629a) holds a 20x leveraged long position, with a position size of $5.86 million, an average price of $126, and an unrealized loss of $210,000 (-69%). This position was opened at 11pm yesterday.
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.
You may also like
Japanese Finance Minister: Sanae Takaichi is not a "reflationist" and highly respects the independence of the central bank
The Japanese Finance Minister stated that Ms. Komei herself has repeatedly requested her to clarify this position to overseas investors. This statement attempts to dispel the market’s perception that the Komei government interferes with the central bank or pursues a loose monetary policy. Last Wednesday, two committee members nominated by Komei opposed a Bank of Japan interest rate hike, further reinforcing the market’s view that the Japanese government tends to delay rate increases.
HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money
Crypto prices
More
