Whale Address Builds 10x Leveraged SKHX Short Positions, Gains Reach $2.887M on July 7

According to Hyperinsight data, as of July 7, a 0xebe whale address holds 10x leveraged short positions on SK Hynix (SKHX) totaling $17.502 million, accounting for 53.8% of its total portfolio. Following South Korea's market decline this morning, unrealized gains on this position expanded to $2.887 million, representing a 137% return and becoming the largest unrealized gain address for SKHX on Hyperliquid.

The address opened 1,242 short positions overnight through today, accumulating shorts from $1,621 down to $1,471, with total traded volume of 3,455.04 contracts worth $5.2251 million, resulting in a net addition of approximately 3,449 short contracts.