A major whale shorting SK Hynix has lost all of their principal holdings, with unrealized losses reaching 1.6 million dollars.
BlockBeats news, on May 11, according to Hyperinsight monitoring, all whale accounts with positions over 1 million USD on Hyperliquid SKHYNIX (SK Hynix mapping contract) are holding short positions and are currently experiencing floating losses.
The whale with the biggest floating loss opened their position on February 20, shorting 3,394.6 SKHYNIX contracts (approximately 4.36 million USD) with 4x leverage at an average entry price of 816 USD and a liquidation price of 1,592 USD. After holding the position for nearly 3 months, their floating loss has expanded to 1.58 million USD—a loss rate of 119%, which exceeds twice the initial margin. As of this publication, the position remains open.
The contract on Hyperliquid is currently quoted at 1,299 USD. New short positions continue to be opened, with the latest whale entry averaging 1,250 USD; the on-chain short address closest to liquidation has its liquidation price at 1,451 USD.
Address: 0xa55e490ab10f1e90b288a5f69c96f9e47547ae2e
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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