SKHX smart money took profits and exited, while a 20.9 million USD buy order is planned to accumulate at lower levels.

According to monitoring by TradingBeats (formerly Hyperinsight), SKHX’s former largest long holder, the smart money address 0xc8b, closed out 26,600 long positions yesterday afternoon. The total execution value of the liquidation was approximately $32.188 million, with an average price of around $1,210.9, generating a profit of roughly $1.952 million. SKHX is currently trading at about $1,154.5. As of this morning, SKHX’s open interest (OI) has decreased by roughly $63.39 million, a 16.4% drop. The scale of this whale’s position exit accounts for approximately half of the total OI decline over the same period. That said, the address has now placed 100 non-reduce-only buy orders in the $1,030–$1,060 range, planning to repurchase 20,000 SKHX contracts with a notional value of around $20.9 million and a weighted average order price of roughly $1,045. This entry range is 8.2% to 10.8% lower than the current price. If all orders are filled, the whale will hold $20.9 million worth of SKHX long positions again, with a new average cost about 13.7% lower than yesterday’s liquidation average. TradingBeats, an on-chain perpetual contract and address analysis tool, is now live, supporting real-time Hyperliquid data viewing, with in-depth analysis covering address tracing to whale operations for a comprehensive overview.