According to BlockBeats citing Hyperinsight monitoring, on May 11, a major whale trader on Hyperliquid holding a short position in SKHYNIX (SK Hynix futures contract) is now underwater by $1.58 million with a 119% loss on its initial capital. The whale opened a 4x leveraged short of 3,394.6 SKHYNIX contracts (worth approximately $4.36 million) on February 20 at an average entry price of $816. The liquidation price stands at $1,592. SKHYNIX is currently trading at $1,299, having reached new all-time highs. The position remains open after nearly three months of losses.
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