SK Hynix led a sharp rebound in South Korean equities on July 15, while derivatives data on trade.xyz pointed in the opposite direction. According to Bitget market data cited by BlockBeats, SK Hynix was up 12.49% on the day. At the same time, funding rates on trade.xyz suggested investors may still be leaning short on the stock and its U.S.-listed ADR.
For SK Hynix shares in South Korea, the annualized funding rate stood at -55.37%. The product recorded $1.36 billion in 24-hour trading volume and $492 million in open interest. For the U.S. ADR, the annualized funding rate was even lower at -63%, with 24-hour volume reaching $413 million and open interest at $130 million.
The contrast highlights a market where price action turned sharply higher even as perpetual market positioning remained skewed to the short side, based on the figures published on trade.xyz.
SK Hynix led a strong rebound in South Korean equities on July 15, even as funding-rate data on trade.xyz indicated that investors may still be actively shorting the stock.
According to Bitget market data cited by BlockBeats, SK Hynix was up 12.49% on the day.
Funding rates on trade.xyz
For SK Hynix shares in South Korea, the annualized funding rate stood at -55.37%. The contract posted $1.36 billion in 24-hour trading volume, with open interest at $492 million.
For the U.S.-listed SK Hynix ADR, the annualized funding rate was -63%. Its 24-hour trading volume reached $413 million, while open interest came in at $130 million.
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