Whale wallet loses $81,000 on Samsung Electronics long, SKHX position underwater

Hyperinsight later flagged a separate whale address that was liquidated on a $5.547 million SKHX short during a sharp rebound before reopening a smaller 10x isolated short position.

Summary

Hyperinsight had earlier tracked address 0x418a taking an about $81,000 loss after a roughly $1.447 million Samsung Electronics long was liquidated on July 29, while its larger SKHX long remained underwater. The analytics service later identified a separate whale address starting with 0x890 that was liquidated on 4,892.6 SKHX short positions at 08:02 as SKHX rebounded, with executions between $1,126 and $1,140 and a liquidation price near $1,133.6. Hyperinsight said the liquidation totaled $5.547 million and locked in about $866,000 in losses. Seventeen seconds later, the trader reopened a 10x isolated short of 770 SKHX worth about $887,000 at an average entry of $1,147.8. At publication, SKHX was trading at $1,152.5, up 23.4% on the day.

Terms & Concepts
  • long position: A bet that an asset's price will rise.
  • liquidated: Position closed by the platform after losses breached margin limits.
  • isolated short: A bearish leveraged position in which margin is assigned only to that specific trade.