The largest on-chain short whale betting against the Korean stock market has partially taken profits, with current holdings still reaching $4.67 million.

BlockBeats news, on March 4, according to reports, the largest short whale (0x65c1) on the Hyperliquid platform for cash:EWY (iShares Korea ETF mapping contract) has been continuously reducing positions and taking profits since this morning, with a total reduction of about $1 million so far. The current position size is about $4.67 million, with an average price of $128, unrealized profit of $200,000 (36%), and liquidation price at $146.

It is reported that, affected by the Korean stock market's two consecutive days of plummeting and circuit breakers, this address opened a 9x leveraged short position at around $131 for EWY yesterday, then continued to roll over the position, with the peak position size reaching $5.67 million.

In addition, the current largest long address for EWY (0x629a) holds a 20x leveraged long position, with a position size of $5.86 million, an average price of $126, and an unrealized loss of $210,000 (-69%). This position was opened at 11pm yesterday.