A whale wallet starting with 0x6bb kept pressing a leveraged short on SKHX even as the stock traded at $1,042.1 on Aug. 7. Monitoring data from TradingBeats, formerly Hyperinsight, showed the address was short 6,687 SKHX contracts at 10x full-position leverage, with a position value of about $6.969 million and an average entry price of $1,338.3. The trade was showing an unrealized profit of roughly $1.981 million, or 221.3%. The wallet has not yet moved close to its apparent exit zone. It placed take-profit orders for 5,897 contracts, equal to 88.2% of the current short position, in a $600 to $747.47 range, with a weighted average take-profit level of $672.7. That implies SKHX would still need to fall another 28.3% to reach the highest take-profit tier and 42.4% to hit the lowest one. If all of those orders are filled, rough estimates based on the current cost basis suggest profit could reach about $3.925 million. Rather than cutting exposure into the rebound, the address added to the short through 10 TWAP orders (time-weighted average price execution) on Aug. 7, selling another 790 contracts at about $1,004.6, worth roughly $794,000. Over the past month, the wallet has used a rolling strategy of covering on declines and re-shorting on rebounds. TradingBeats said the address began building a meaningful short around $1,892.3 on June 22, and its blended cost has since rolled down to $1,338.3. Historical cumulative profit stands at about $7.887 million, with roughly $3.63 million earned in the past 30 days, while about 99.4% of current derivatives exposure remains concentrated in SKHX. The next key point to watch is whether those $600-$747 take-profit orders begin to move higher.