Trader "yixie" is now sitting on an unrealized loss of about $1.801 million on a leveraged long position tied to SK Hynix ADR trading on Hyperliquid, according to monitoring data cited by BlockBeats from Hyperinsight on July 13. At press time, SKHX was trading around $1,276, down more than 13% from the previous trading day. The position is a 2x isolated-margin long with a notional size of roughly $12.855 million, showing a return of -24.6%. The entry price was listed at $1,461.8, with a liquidation price near $792.8.
The report said yixie had previously built a large long in Micron Technology (MU), buying a cumulative 8,949.192 units for about $7.865 million and later closing the position in full for an estimated profit of $870,000. After exiting MU, the trader shifted capital into SK Hynix. Data cited in the report shows yixie added to SKHX between July 9 and July 10 rather than the U.S. ADR contract SKHY. The timing came close to the formal listing of the SK Hynix ADR and was described in the report as a possible early wager on Monday’s opening price action. Despite the current drawdown, the trader still has a take-profit order at $1,598.8 for 5,418.676 units, worth about $8.663 million and covering about 54% of the existing position.
SKHX drops, pushing yixie’s long into the red
BlockBeats reported on July 13, citing Hyperinsight monitoring data, that SKHX on Hyperliquid was trading at about $1,276 at press time, down more than 13% from the previous trading day.
U.S. equity trader "yixie" currently holds a 2x isolated-margin long position in SKHX on Hyperliquid. The position size is about $12.855 million, with an unrealized loss of roughly $1.801 million and a position return of -24.6%. The average entry price stands at $1,461.8, and the liquidation price is about $792.8.
Capital rotated from MU into SK Hynix
Before this trade, yixie had built a sizable long in Micron Technology (MU), buying a cumulative 8,949.192 units with total turnover of about $7.865 million. That position was later closed in full for an estimated profit of about $870,000.
After taking profit on MU, the trader shifted funds into SK Hynix. Data cited in the report shows that yixie concentrated additions to SKHX between July 9 and July 10, instead of the U.S. ADR contract SKHY. The report said the timing came close to the official listing of the SK Hynix ADR and may have reflected an attempt to position ahead of Monday’s opening performance.
Take-profit order remains in place
Despite the current unrealized loss, yixie still has a higher take-profit order on the books. The trader has placed a sell order at $1,598.8 for 5,418.676 units, with a notional value of about $8.663 million. That order covers about 54% of the current position and sits roughly 24.7% above the latest price.
A previous whale-tracking update had said Micron’s earnings helped lift SK Hynix shares by 11%, expanding yixie’s paper profit to $1.3 million at the time.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
