The largest loser in Hynix has been holding the position for 28 days, with the first purchase made at a price 55% higher than the current price.

BlockBeats news, on July 24, according to Hyperinsight monitoring, the whale beginning with 0x511 is still holding strong at high levels in SK Hynix. Currently, it holds 4,034 SKHX long positions with 3x leverage, the average entry price is $1,622.6, the position is worth about $4.942 million, and the liquidation price is $923.67. The floating loss is $1.6034 million (-73.5%), making it the address with the largest unrealized loss in SKHX.

This long position started in the early hours of June 26 (UTC+8), and has been open for 28 days. At that time, SKHX was still around $1,900. Its first entry was at an average price of $1,898.5, buying 325.5 SKHX; this entry price is already 55.1% higher than the current price. During the subsequent decline, it averaged down at around $1,659, $1,678, $1,436, and $1,361 four times. After the last increase in position on July 15, there have been no changes.

Holding this position continues to cost money: since opening this long position, about $198,200 in funding fees have been paid. The current hourly funding rate is about +0.00955%, with longs paying. Based on the current position, the estimated hourly fee is about $472.

Looking at the bigger picture, this trader is known for patience: previous large trades were all long positions mapped to US stocks—Micron about 45 days, Marvell about 29 days, and Cerebras about 39 days, netting approximately $494,500 in total profits. The same patience that previously brought profit now leads to deeper losses on Hynix...

According to data, Hyperliquid shows that Korean stock Hynix (SKHX) reached a high of $1,302.8 today (UTC+8), then quickly dropped to $1,214.3 (UTC+8), a 6.8% intraday retracement.