SKHX rose about 4.6% over two hours around midday on Aug. 25 as storage smart-money address 0xc8b abandoned 100 buy orders between $1,030 and $1,060 and bought 35,600 SKHX after 11 a.m. for approximately $41.646 million at an average price of $1,168.20. The address now holds a fully invested SKHX long worth about $43.014 million using 3x leverage, with an unrealized profit of approximately $1.368 million, a 9.9% return and a liquidation price of $636.70. It also retains two buy orders between $1,162.60 and $1,170 targeting another $2.074 million of purchases. The address had closed its previous 26,600-SKHX long the previous day at an average price of about $1,210.90, generating roughly $1.952 million in profit, and its current position is about 34% larger. The earlier orders represented a planned deployment of about $20.9 million if SKHX pulled back. SKHX had been trading near $1,154.50, while open interest declined by about $63.39 million, or 16.4%, with the earlier closure accounting for roughly half of that decrease. BlockBeats reported the latest trades; an earlier version of the report attributed the development to Odaily Planet Daily.