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「Sell High」 Whale Reduces Position in SK Hynix, Increases Short Position in Samsung, Now Largest Bear on SK Hynix

2 hours ago

June 11, per Hyperinsight Monitoring, the "sell-on-rally" whale address (0x4c78...2444) — which had amassed large short positions in South Korean semiconductor stocks — closed its short position in SK Hynix (ticker: SKHYNIX) 7 hours ago and increased its short position in Samsung Electronics (ticker: SAMSUNG) 3 hours ago. As of the latest data, the address holds an approximately $9.44 million short position in SK Hynix, with an unrealized gain of $357,000, plus a $1.05 million short in Samsung Electronics, carrying an unrealized gain of $45,000. Additional short positions are held in Micron Technology (MU), DRAM instruments, copper, NVIDIA (NVDA), Marvell Technology (MRVL), BB, and other assets, bringing its total short position value to $24.24 million, with a 100% short ratio. The whale has booked $3.09 million in profits from perpetual contracts over the past week, and remains the largest short seller of SK Hynix on the monitored platform. This trading session, Japanese and South Korean stock markets opened sharply lower: South Korea’s KOSPI index plunged more than 4%, Samsung Electronics dropped nearly 5%, and SK Hynix fell over 4%. SK Hynix had previously rallied on positive news of its collaboration with NVIDIA, but is now under renewed selling pressure. On the macro front, U.S. May Consumer Price Index (CPI) rose 4.2% year-over-year to a three-year high. Trump has expressed support for Federal Reserve Chair Jerome Powell’s independent decision-making, leading the market to anticipate the upcoming interest rate decision next week will remain unchanged. The whale’s recent position adjustments may be either to hedge against risk from a potential short-term rebound or a sustained bet on a correction in the semiconductor sector.
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