SKHX rebounds by over 10%, Hyperliquid's largest short loss expands to $3.41 million

After SK Hynix announced plans to repurchase 40 trillion Korean won of inventory stocks, SKHX quickly recovered from its nearly 24-hour decline and is now reporting $1176. The maximum short position of SKHX on Hyperliquid, 0xebe1... 4070, is once again under pressure. The address currently holds 35729 SKHX short positions with a value of $41.99 million and an average position price of $1079.82. SKHX fell to near its cost in the morning, but with a price rebound of over 10%, its floating loss expanded again to $3.41 million. It is worth noting that the address has received approximately $2.1 million in funding fees since its opening, which is equivalent to 61.6% of the current book loss. If the cost of funds is included, there is already a significant buffer against the pressure of floating losses. According to tracking, the address is still adjusting its position today: it had previously short 1482 SKHX near $1142 before rebounding, and then reduced its position by about 625 SKHX in the range of $1169 to $1175. Currently, it still maintains a large short exposure. Address: 0xebe126adabe1a8f08d3ce53b45e7cc994ca14070 Join the smart money community on the chain and receive more whale warnings: https://www.aicoin.com/link/chat?cid=N6OVMor5g