TechFlow news, July 14, according to Hyperinsight monitoring, SK Hynix dipped below $1,200 during today's trading session, driving concentrated bottom-fishing in related mapped contracts in the crypto market. Long positions on SKHX across various platforms increased significantly, Binance funding rate rose to 0.5% per 8 hours, and trade crowding increased significantly.
On Hyperliquid, the large address with the most outstanding profit performance in this round of bottom-fishing was the address starting with 0x803. This address is currently long 1,500 SKHX contracts with 10x isolated leverage, with a notional position size of approximately $1.949 million, at an average entry price of $1,183.3.
As of press time, SKHX is trading at approximately $1,299.5, about 9.8% above its cost basis. The unrealized profit on this long position is approximately $174,300, the return rate has risen to 98.2%, making it the address with the highest return rate among visible large SKHX bottom-fishing addresses on the platform currently, with a liquidation price of $1,023.9.
Data shows that during the period when SKHX accelerated its decline around noon, the address completed 228 buy orders within about half an hour, buying continuously from $1,165.7 up to $1,204.4, accumulating a position of 1,500 contracts, with a transaction value of approximately $1.775 million. As SKHX subsequently rebounded quickly, its position quickly turned from buying at low levels into significant unrealized profits.
Currently, the address has placed two take-profit sell orders of 300 contracts each at $1,305.5 and $1,315.5 respectively, totaling 600 contracts, with a notional amount of approximately $786,000, covering 40% of the current long position. If both orders are fully executed, the remaining 900 long contracts will continue to retain upside exposure.
