HyperInsight data cited by Odaily and BlockBeats showed the leveraged SKHX long, linked to address 0x8af, moved from a steep unrealized loss to a smaller deficit after a partial reduction in exposure.
Hyperliquid trader yixie, identified in one update as whale address 0x8af, built a large leveraged long in SK Hynix-linked SKHX and later reduced it by 1,009.59 tokens, according to HyperInsight data cited by BlockBeats and Odaily. BlockBeats reported the position was opened through 301 long trades totaling 6,008 contracts at an average entry price of $1,439.91, initially worth about $8.6516 million, with SKHX later near $1,237 and an unrealized loss of about $1.199 million. Odaily later reported the position had previously been tracked at about $11.51 million when SKHX traded near $1,148.20, showing an unrealized loss of about $3.144 million, before yixie cut exposure by about $1.4217 million. After the reduction, the remaining position was valued at about $10.0025 million at an average entry price of $1,461.82, with SKHX near $1,423.30, an unrealized loss of about $270,700, or -5.87%, and a liquidation price of $807.49.