Whale Alert: Following SK Hynix’s midday price drop, a wave of bottom-fishing emerged, with the current top winner boasting a return rate approaching 100%.

According to Hyperinsight monitoring, SK Hynix’s stock once dipped below $1,200 intraday today, triggering a wave of concentrated bottom-fishing in crypto-related contracts. Across platforms, long positions for SKHX rose significantly; Binance’s funding rate jumped to 0.5% per 8 hours, with trading congestion rising notably. On Hyperliquid, the large wallet posting the strongest profit in this bottom-fishing round is the address starting with 0x803. This address currently holds a 10x isolated long position of 1,500 SKHX contracts, with a notional position size of around $1.949 million and an average entry price of $1,183.3. As of press time, SKHX trades at approximately $1,299.5, some 9.8% above its cost basis. The long position has an unrealized profit of around $174,300, with the return rate climbing to 98.2%—the highest among all visible large SKHX bottom-fishing addresses on the platform, and its liquidation price stands at $1,023.9. Data shows that during SKHX’s accelerated midday dip, this address completed 228 buy orders within roughly half an hour, accumulating 1,500 contracts at prices ranging from $1,165.7 to $1,204.4, with a total transaction value of around $1.775 million. Following SKHX’s subsequent sharp rebound, the position quickly turned from low-level entry to substantial unrealized profit. Currently, the address has placed two take-profit sell orders for 300 contracts each at $1,305.5 and $1,315.5 respectively, totaling 600 contracts with a notional value of around $786,000, covering 40% of its current long position. If both orders are fully executed, the remaining 900 long contracts will retain upside exposure. HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as admin (enable message sending permission) to automatically sync on-chain news.