Micron Technology Soars and Retreats, Top Short Seller Doubles Down on Samsung and Micron Shorts to $46 Million

BlockBeats News, July 23rd, according to HyperInsight monitoring, SK Hynix (SKHX) opened today at $1295, up 4.1% from yesterday's closing price; the price surged to a high of $1324.9 after opening, with the increase reaching 6.5% at one point, then fell back to $1267.05, a 4.4% retracement from the high.

A whale starting with the address 0xebe1 has been continuously shorting both Hynix and Samsung (SMSN) over the past two days, with a total net short of 6118.2 SKHX and 12,997.4 SMSN, adding approximately $10.1143 million in nominal short positions as of 9 a.m. this morning.

As of the time of writing, they hold a SKHX short position with 10x leverage, with an average position price of $1320.9, a position value of approximately $42.778 million, and a liquidation price of around $2005.1; with an unrealized profit of approximately $1.834 million, a return rate of about 41%, they are already the largest SKHX short on Hyperliquid.

The average position price of the Samsung short with 10x leverage is $177.9, with a position value of about $3.271 million and an unrealized loss of approximately $55,000. The combined value of the two short positions is approximately $46.05 million, with a total unrealized profit of about $1.779 million.

Regarding pending orders, they have a sell order for 500 SKHX at $1272.5 (approximately $63.63 thousand) and a sell order for 1000 SMSN at $181.61 (about $18.16 thousand) to continue adding to their short positions; there are also buy orders to cover 200 SKHX and 300 SMSN each in 1 transaction, with a total amount of approximately $30.62 thousand, which is only a fraction of the short position.