A Telegram post stated that an address opened a new 19,298.05-unit SMSN short position, with a position size of approximately 3101000 USD。
Article
🐳 【Whale Shorting at the Top】SMSN New short position opened!
💵SMSN Short position opened: 19,298.05 units
✦ Entry price: 161.32 USD✦ Current price: 160.69 USD✦ Current liquidation price: 192.67 USD✦ Position size: 3,101,003.33 USD📌 Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444🔥 Note: Prefers to short various assets at their peaks; currently the largest short seller of Hynix, still in an overall loss position, with a monthly loss of SK and the largest short seller of Hynix, still in an overall loss position, with a monthly loss of 6000000 USD。 🔥
Key points
01
The post stated that the SMSN short position opening size was 19,298.05 units.
02
The entry price listed in the post was 161.32 USD, and the current price was 160.69 USD。
03
The current liquidation price listed in the post was 192.67 USD。
04
The position size listed in the post was 3,101,003.33 USD。
05
The address disclosed in the post was 0x4c78a97cef589b01bb91dbf893fffa14243d2444。
06
The post stated that the address prefers to short various assets and is SK the largest short seller of Hynix, still in an overall loss position, with a monthly loss of 6000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position is a position that bets on a price decline. According to the post data, the current price is slightly below the entry price, but the original text provides no independently verifiable trade records, position records, or current profit-and-loss details.
Why it matters to readers
If the position genuinely exists, it reflects a bearish bet by one address on SMSN; however, the actions of a single address cannot represent the direction of the overall market.
Beginners may treat this type of information as an observation lead rather than a direct trading signal; they should focus on verifying the address's position and understand the risks that may arise near the liquidation price.
Risks and unknowns
The information comes from a single Telegram post,SMSN and the position, trade, and liquidation price have not been independently verified.
The original text does not confirm whether the position still exists, has been adjusted, or has been closed.
“SK The claims that it is the “largest short seller of Hynix” and has a “monthly loss of 6000000 USD” lack original supporting evidence.
The original text does not specify the full identity of the asset referred to by SMSN or the position's leverage.
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Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
