The first position was bought at a level 55% higher than the current price; the Hynix whale with the largest floating loss has been holding the position for 28 days.
7x24h News
The first position was bought at a level 55% higher than the current price; the Hynix whale with the largest floating loss has been holding the position for 28 days.
According to Hyperinsight monitoring, the whale address starting with 0x511 is still stubbornly holding SK Hynix positions at high levels. It currently holds 4034 SKHX long contracts with 3x full position, with an average entry price of $1,622.6, a position value of approximately $4.942 million, and a liquidation price of $923.67; unrealized loss stands at $1.6034 million (-73.5%); it is currently the address with the largest unrealized loss on SKHX. This long position was opened in the early morning of June 26 (Beijing Time) and has been held for 28 days so far. At that time, SKHX was still around $1,900; its first purchase was 325.5 contracts at an average price of $1,898.5, this entry price is already 55.1% higher than the current price; subsequently, during the continuous decline, it averaged down four more times at approximately $1,659, $1,678, $1,436, and $1,361 respectively. After the last position addition on July 15, the position has not changed since. Holding the position itself continues to incur costs: since opening this long position, it has net paid funding fees of approximately $198,200; the current hourly funding rate is about +0.00955%, with the direction still requiring longs to pay, statically estimated based on the current position, the hourly expenditure is approximately $472. Taking a longer view, this is indeed a trader known for patience: its previously completed large transactions were all long-held US stock-mapped long positions—Micron for about 45 days, Marvell for about 29 days, Cerebras for about 39 days, cumulatively net earning approximately $494,500.
Navigating Web3 tides with focused insightsTechFlow news, July 24, according to Hyperinsight monitoring, the whale starting with 0x511 is still stubbornly holding high positions in SK Hynix. It currently holds 4,034 SKHX long contracts with 3x full leverage, average entry price of $1,622.6, position value of approximately $4.942 million, liquidation price $923.67; unrealized loss of $1.6034 million (-73.5%); currently the address with the largest unrealized loss on SKHX.
This long position started in the early morning of June 26 (Beijing time), lasting 28 days so far. At that time, SKHX was still around $1,900; its first purchase was 325.5 contracts at an average price of $1,898.5, this entry price is already 55.1% higher than the current price; during the subsequent decline, it averaged down four more times at approximately $1,659, $1,678, $1,436, and $1,361 respectively, after the last addition on July 15, the position has not changed since.
Holding the position itself continues to cost money: since opening this long position, it has net paid approximately $198,200 in funding fees; the current hourly funding rate is approximately +0.00955%, with longs still paying, statically estimated hourly expenditure based on the current position is approximately $472.
Taking a longer view, this is exactly a trader known for patience: its previous large transactions were all long-held US stock mapped long positions—Micron about 45 days, Marvell about 29 days, Cerebras about 39 days, cumulatively net earning approximately $494,500. The same patience was once its source of profit, but also caused it to hold on deeper and deeper on Hynix......
Data shows that Korean stock Hynix (SKHX) on Hyperliquid rose to a high of $1,302.8 today, then quickly dropped to $1,214.3, with an intraday drawdown of 6.8%.
