TechFlow News, June 11: According to Hyperinsight monitoring, the large “short-on-rally” whale address (0x4c78...2444)—previously heavily shorting Korean semiconductor stocks—reduced its short position in SK Hynix (SKHYNIX) seven hours ago and increased its short position in Samsung Electronics (SAMSUNG) three hours ago.
As of now, this address still holds approximately $9.44 million in SK Hynix shorts, with unrealized profits of $357,000; and approximately $1.05 million in Samsung Electronics shorts, with unrealized profits of $45,000. It also holds short positions in MU, DRAM, COPPER, NVDA, MRVL, and BB, bringing its total short position value to $24.24 million—100% short exposure with 3.71x leverage. Its perpetual contract profit over the past week amounts to $3.09 million, with unrealized profits totaling $569,000.
This address remains one of the largest SK Hynix short sellers on the platform.
Today, Japanese and Korean stock markets opened sharply lower: Korea’s KOSPI Index plunged over 4%, Samsung Electronics fell nearly 5%, and SK Hynix dropped over 4%. SK Hynix—whose recent rebound had been driven by positive news regarding its collaboration with NVIDIA—is once again under pressure. On the macro front, U.S. May CPI surged year-on-year to 4.2%, hitting a three-year high; however, former President Trump expressed support for incoming Fed Chair Walsh’s independent decision-making, leading markets to expect the upcoming FOMC meeting to hold rates steady. This whale’s position adjustment may reflect an effort to avoid short-term rebound risks while maintaining its bearish bet on further downside correction in the semiconductor sector.
