SKHynix Whale Short Position Targets 42% Further Decline With $6.9M Leverage

A major whale maintains a $6.96M leveraged short on SKHynix, setting take-profit orders between $600 and $747, implying a potential 28-42% further price drop for full realization.

Woofun AI data shows that a wallet address starting with 0x6bb holds a leveraged short position of 6,687 shares of SKHynix (SKHX), valued at approximately $6.969 million with 10x leverage. The average entry price is $1,338.3 per share, yielding a floating profit of $1.981 million and a return rate of 221.3%. Despite current gains, the trader has placed take-profit orders for 5,897 shares, representing 88.2% of the total short position, at price levels ranging from $600 to $747.47, with a weighted average target of $672.7. These targets require the stock price to decline by an additional 28.3% to 42.4% from current levels.

If fully executed, these orders would lock in approximately $3.925 million in profits based on the current holding cost. Instead of reducing exposure during recent price increases, the whale added 790 shares worth roughly $794,000 via 10 TWAP transactions at around $1,004.6 per share. Since initiating short positions on June 22nd at $1,892.3 per share, the trader has lowered the overall cost basis to $1,338.3 per share through a strategy of re-entering shorts during rallies and adding during dips. Cumulative profits stand at approximately $7.887 million, with $3.63 million generated in the last 30 days. Currently, 99.4% of the wallet's contract exposure remains concentrated in SKHX.