A Whale Investor Shorting SK Hynix has Lost More Than the Initial Investment, with an Unrealized Loss of $1.6 million
BlockBeats News, May 11, according to Hyperinsight monitoring, a stock price has been rising recently. On Hyperliquid, whales with a million-dollar or larger position in a futures contract are all in short positions, currently all facing unrealized losses.
The whale with the deepest unrealized loss opened a short position on February 20 with 4x leverage, shorting 3394.6 futures contracts (equivalent to about $4.36 million), with an entry price of $816 and a liquidation price of $1592. After holding the position for nearly 3 months, the current unrealized loss has expanded to $1.58 million, a loss percentage of 119%, equivalent to more than double the initial investment. As of the time of writing, the position has not been closed.
At a historical high for the asset, the contract on Hyperliquid is currently trading at $1299. New short positions are still being entered, with the most recent whale entering at an average price of $1250; the closest short address to liquidation on-chain is at $1451.
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.
You may also like
2-Yr Benchmark Govt Yields - U.S. vs Other Nations
Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Crypto prices
More
