After earlier reports of a growing SK Hynix long and a $1.05 million TWAP buy order, newer on-chain data indicate a much larger $15.74 million TWAP take-profit order is being filled.
Trader yixie, also referred to as yixie10 in the newer report, is taking profit on SKHX long positions through a TWAP order while potentially preparing to open an $8.66 million short if the price rises further. An earlier BlockBeats report citing Onchain Lens said the trader had increased a SK Hynix long position to $2.79 million, with a floating profit of $324,300, total profits of $9.42 million, and a $1.05 million TWAP buy order in the $1,488-$1,520 range. A newer Odaily report citing on-chain analyst Ai Yi said a TWAP take-profit order for 10,518.6 SKHX at $1,496.5, valued at about $15.74 million, is being filled and is expected to generate profit of more than $320,000, with a plan to open a short above $1,598.8 after Hynix begins formal U.S. stock trading. The reports indicate the trader moved from adding to the long toward realizing gains, while source-reported profit totals differ between the updates.