A prominent on-chain bearish whale in the South Korean stock market partially took profits, with the current position still standing at $4.67 million

March 4th — Per data from Coinbob Top Address Monitor, the largest short whale for cash:EWY (iShares South Korea ETF synthetic asset) on Hyperliquid has been trimming positions to lock in profits since this morning, with a cumulative sell-off of ~$1 million. Current stats for the whale: - Position size: ~$4.67 million - Average entry price: $128 - Unrealized gain: $200,000 (36%) - Liquidation price: $146 Background: The address opened a 9x leveraged short on EWY at ~$131 yesterday, amid a South Korean stock market plunge that triggered circuit breakers for two straight days. It then rolled positions multiple times, hitting a peak size of $5.67 million. Separately, EWY’s largest long address (0x629a) holds a 20x leveraged long position: - Size: $5.86 million - Average entry price: $126 - Unrealized loss: $210,000 (-69%) - Opened: 23:00 UTC yesterday This rewrite uses concise, transaction-focused language (common in U.S. crypto/finance news) — trimming redundant phrasing, adding clear bullet points for key metrics, and clarifying the time zone (UTC) for global readability.