Micron Technology Soars and Retreats, Top Short Seller Doubles Down on Samsung and Micron Shorts to $46 Million
BlockBeats News, July 23rd, according to HyperInsight monitoring, SK Hynix (SKHX) opened today at $1295, up 4.1% from yesterday's closing price; the price surged to a high of $1324.9 after opening, with the increase reaching 6.5% at one point, then fell back to $1267.05, a 4.4% retracement from the high.
A whale starting with the address 0xebe1 has been continuously shorting both Hynix and Samsung (SMSN) over the past two days, with a total net short of 6118.2 SKHX and 12,997.4 SMSN, adding approximately $10.1143 million in nominal short positions as of 9 a.m. this morning.
As of the time of writing, they hold a SKHX short position with 10x leverage, with an average position price of $1320.9, a position value of approximately $42.778 million, and a liquidation price of around $2005.1; with an unrealized profit of approximately $1.834 million, a return rate of about 41%, they are already the largest SKHX short on Hyperliquid.
The average position price of the Samsung short with 10x leverage is $177.9, with a position value of about $3.271 million and an unrealized loss of approximately $55,000. The combined value of the two short positions is approximately $46.05 million, with a total unrealized profit of about $1.779 million.
Regarding pending orders, they have a sell order for 500 SKHX at $1272.5 (approximately $63.63 thousand) and a sell order for 1000 SMSN at $181.61 (about $18.16 thousand) to continue adding to their short positions; there are also buy orders to cover 200 SKHX and 300 SMSN each in 1 transaction, with a total amount of approximately $30.62 thousand, which is only a fraction of the short position.
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.
You may also like
Meridian weighs $400 million investment decision for Cabaçal mine
Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.

Scorpio hits gold beyond Nevada resource
Capri Holdings appoints Estée Lauder senior executive Justin Boxford as CEO
