Amid Hynix's decline, short whale's unrealized profit reaches $8.83 million, cumulative returns near 2x initial position capital
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Amid Hynix's decline, short whale's unrealized profit reaches $8.83 million, cumulative returns near 2x initial position capital
Hyperliquid Shanghai Force (SKHX) dropped rapidly after opening at 8:00 Beijing Time, reaching a high of $1,250.6, subsequently dipping to a low of $1,171.8, with an intraday range decline of 6.30%; currently trading at $1,181.9. According to Hyperinsight monitoring, a short whale with an address starting with 0xebe currently holds 33,700 SKHX short positions with 10x leverage, with a position value of approximately $39.9 million, an average entry price of $1,317.1, current unrealized profit of approximately $4.5638 million, a return rate of 102.65%, and a liquidation price of $1,938.6. In addition to current unrealized profits, the whale has previously realized approximately $2.9972 million in profit through partial position closing. Meanwhile, accumulated funding fees received during the holding period amount to approximately $1.2672 million, with funding fee income alone equivalent to 28.5% of the theoretical principal of the current remaining position. According to Hyperliquid data, SKHX's current hourly funding rate is approximately 0.0215%. If the rate and position remain unchanged, the whale can still receive approximately $8,550 in funding fee income per hour. Combining current unrealized profits, historical realized profits, and funding fee income, the whale's cumulative gross profit from this round of SKHX short positions has reached approximately $8.8282 million. Calculated at 10x leverage, its current position corresponds to a theoretical margin of approximately 444.58
Navigating Web3 tides with focused insightsTechFlow News, July 27, Hyperliquid Shanghai Force (SKHX) dropped rapidly after opening at 8:00 Beijing Time, reaching a high of $1250.6, then dipping to a low of $1171.8, with a range decline of 6.30%; currently trading at $1181.9.
According to Hyperinsight monitoring, a short whale with an address starting with 0xebe currently holds 33,700 SKHX short contracts with 10x leverage, with a position value of approximately $39.9 million, an average entry price of $1317.1, current unrealized profit of approximately $4.5638 million, and a return rate of 102.65%, with a liquidation price at $1938.6.
In addition to current unrealized profits, the whale has previously realized approximately $2.9972 million in profits through partial closing of positions. Meanwhile, it has accumulated approximately $1.2672 million in funding fees during the holding period, with the funding fee income alone equivalent to 28.5% of the theoretical principal of the current remaining position.
According to Hyperliquid data, the current hourly funding rate for SKHX is approximately 0.0215%. If the rate and position remain unchanged, the whale can still obtain approximately $8,550 in funding fee income per hour.
Combining current unrealized profits, historical realized profits, and funding fee income, the whale's cumulative gross profit from this round of SKHX short positions has reached approximately $8.8282 million.
Calculated with 10x leverage, its current position corresponds to a theoretical margin of approximately $4.4458 million. Among this, the sum of current unrealized profits and funding fee income is approximately $5.831 million, reaching 1.31 times the initial margin; if previously realized profits are included, the cumulative gross profit is approximately 1.99 times the theoretical entry principal.
Between 8:00 and 9:24 today, it still added 620.5 short contracts at an average price of $1207.7, with an amount of approximately $749,500.
