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Samsung Electronics and SK Hynix Soar, While a Whale Bets Against the Trend with a $13 million Short Position

1 hours ago

June 9th. Per Hyperinsight Monitoring (https://t.me/HyperInsight), the South Korean stock market rallied midday, triggering a circuit breaker halt. Samsung Electronics climbed 7.5%, while SK Hynix led the sector’s gains with a 12.9% surge. SK Hynix’s rally was boosted by positive news of its collaboration with NVIDIA on developing next-generation memory, pushing its share price back above $1,400. Against this backdrop of strong market recovery, a crypto whale on the Hyperliquid platform entered a short squeeze trade, using 4x leverage to short sell SK Hynix and Samsung at their intraday peaks, with a total position size of $13 million. The specific short positions are as follows: - SK Hynix Short: Average entry price of $1,418, liquidation price of $1,628 - Samsung Short: Average entry price of $207.1, liquidation price of $246.8 This wallet address is currently the largest short seller of SK Hynix on the Hyperliquid platform, and as of press time, the trader is still expanding their position. Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444 - HyperInsight Bot is now live! Add @HyperInsightBot to your Telegram community and make it an admin (ensure message-sending permissions are enabled) to automatically sync on-chain data.
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