A trader betting against SKHX on Hyperliquid built a $40.5 million short at $1,275.7, while a separate $19.15 million BRENTOIL short was showing a $2.43 million paper gain.
The largest short position in SK hynix on Hyperliquid was showing an unrealized profit of $6.1 million after SK hynix fell sharply, according to on-chain analyst Ember. The position was opened at $1,275.7 on SKHX with a notional value of $40.5 million, and the reported current price was $1,083. The same trader was also short BRENTOIL on Hyperliquid at $97.7 with a position value of $19.15 million, leaving that trade with an unrealized profit of $2.43 million. Unrealized profit refers to gains on an open position that have not yet been locked in by closing the trade.