Samsung's $90 Billion Buyback Rumor Boosts South Korean Stocks as a Whale Opens a $5.31 Million EWY Short Position Against the Trend
BlockBeats News, June 24th, according to Hyperinsight monitoring, Hyperliquid shows that EWY (iShares Korea ETF mapping contract) is priced at $198.6, with a 4-hour increase of 3.4%.
On the news front, the Asian stock market rebounded, led by the Korean stock market. There are market rumors that Samsung Electronics may announce a 900 trillion KRW buyback plan. Samsung's stock price surged by more than 10% at one point. However, the news that Korea failed to join the MSCI developed markets is still evolving.
On Hyperliquid, the whale address 0xd5f2 opened a new 10x short position on EWY this morning, with a position value of approximately $5.31 million, an average entry price of $196.05, and an unrealized loss of about $61.5k. The liquidation price of this short position is at $207.73, about 4.7% away from the current price.
Data shows that this whale has a large long position of about $5.3 million and a short position of about $3.7 million, indicating an overall bearish sentiment. The recent liquidation price for significant short positions is at $203.8, the average entry price for short positions is at $203.9, and the overall position is still in a profitable state.
Address: 0xd5f2e306cff8c7c9e47ebebf3e96e8fdd75c601c
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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