The post stated that an address reduced 3,219.85 units of its SKHY long position, equivalent to approximately 1,020,094.16 USD, but has not yet provided an on-chain transaction link.
Article
🐘 【Whale Shorting at the Top】SKHY Long position cut!
💵 Asset:SKHY Reduced long position by 3,219.85 units, equivalent to approximately 1,020,094.16 USD✦ Position size: 7,655,017.09 USD✦ Average price: 166.11 USD → 165.09 USD✦ Current profit/loss: -1,605,858.03 USD (-146.84%)
✦ Current price: 136.46 USD✦ Liquidation price: 28.08 USD📌 Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444🔥 Note: Prefers to short various assets near their tops; is now SK Hynix's largest short seller, and remains overall in a loss-making position, with a monthly loss of 6000000 USD。 🔥
Key points
01
The post stated that SKHY the long position was reduced by 3,219.85 units, equivalent to approximately 1,020,094.16 USD。
02
The position size listed in the post was 7,655,017.09 USD。
03
The post stated that the average price changed from 166.11 USD to 165.09 USD with the current price at 136.46 USD。
04
The current profit/loss listed in the post was -1,605,858.03 USD（-146.84%), and the liquidation price was 28.08 USD。
05
The address provided in the post was 0x4c78a97cef589b01bb91dbf893fffa14243d2444。
06
The post stated that the address is now SK Hynix's largest short seller and remains overall in a loss-making position, with a monthly loss of 6000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Reducing a long position” means the post claims that the address scaled back its bullish position. The post also listed the remaining position, average price, current price, profit/loss, and liquidation price, but these are all figures published by the channel.
Why it matters to readers
If the reduction is genuine, it indicates that the address reduced its SKHY long position; however, the actions of a single address are insufficient to confirm the overall market trend.
Beginners may treat this as a clue regarding changes in a single large holder's position, but should not rely solely on the post to judge the subsequent rise or fall of SKHY; they should first verify the actual transactions and position direction.
Risks and unknowns
The original text did not include an on-chain transaction link or timestamp corresponding to the reduction.
“SKHY reduction of a long position” and “SK Hynix's largest short seller” are unclear in terms of their definitions.
The original text did not provide a data calculation method; the listed position, profit/loss, monthly loss, and liquidation price remain subject to verification.
The address's actual transactions, current position direction, or subsequent actions cannot be confirmed solely from the post.
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Related concepts
Long Position
This term is not in the glossary yet. Browse related concepts in the glossary.
