Hyperliquid whale trims SK Hynix short and adds to Samsung Electronics short

The address still holds about $9.44 million in SK Hynix shorts and $1.05 million in Samsung Electronics shorts, with total short exposure of $24.24 million and one-week perpetual futures profit of $3.09 million.

HYPE

Summary

A major trader on Hyperliquid has reduced its SK Hynix short and increased its Samsung Electronics short, marking another shift after previously moving to close a large bearish bet in SK Hynix as the stock rebounded. Hyperinsight said the address 0x4c78...2444 cut its SK Hynix short 7 hours ago and added to its Samsung Electronics short 3 hours ago. The wallet still holds about $9.44 million in SK Hynix shorts and $1.05 million in Samsung Electronics shorts, with total short positions of $24.24 million and one-week perpetual futures profit of $3.09 million. The positioning suggests the trader remains net bearish on parts of the South Korean chip and electronics complex even after earlier covering activity in SK Hynix.

Terms & Concepts
  • Hyperliquid: A trading platform where users take leveraged positions on listed markets.
  • short: A bearish trade that seeks to profit if an asset’s price falls.
  • perpetual futures: Derivatives contracts without expiry that are commonly used to take leveraged long or short positions.