SK Hynix surges then retreats; top short seller increases Samsung and Hynix short positions to $46 million

TechFlow reports, on July 23, according to Hyperinsight monitoring, SK Hynix (SKHX) opened today at $1,295, up 4.1% from yesterday's close; after opening, it surged to a high of $1,324.9, with gains expanding to 6.5%, then retreated to $1,267.05, a 4.4% pullback from the high.

A whale with an address starting with 0xebe1 has continuously increased short positions on both Hynix and Samsung (SMSN) over the past two days, net adding 6,118.2 contracts of SKHX and 12,997.4 contracts of SMSN, adding approximately $10.1143 million in notional short positions, with additions up to 9 AM this morning.

As of press time, they hold SKHX short positions with 10x leverage, average entry price $1,320.9, position value approximately $42.778 million, liquidation price approximately $2,005.1; unrealized profit approximately $1.834 million, return rate approximately 41%, making them the largest SKHX short seller on Hyperliquid.

The 10x leverage Samsung short position has an average entry price of $177.9, position value approximately $3.271 million, unrealized loss approximately $55,000. The two short positions combined are worth approximately $46.05 million, with combined unrealized profit approximately $1.779 million.

In terms of orders, they have placed 1 sell order for 500 contracts of SKHX at $1,272.5 (approximately $636,300), and 1 sell order for 1,000 contracts of SMSN at $181.61 (approximately $181,600), reserving room to continue adding shorts; additionally, there is 1 buy order to cover each for 200 contracts of SKHX and 300 contracts of SMSN, with a total amount of approximately $306,200, only a fraction of the short position size.