Whale Buys the Dip on Samsung, Gets Liquidated in 2 Hours, SKHX Buy-the-Dip Position Also Loses 100%

BlockBeats News, July 29, according to Hyperinsight monitoring, a whale (0x418a) opened a long position on Samsung Electronics worth about $1.447 million at 10:15 a.m. today. However, approximately two hours later at 12:08 p.m., the position was liquidated by the system, resulting in a liquidation of about $1.366 million and a loss of about $81,000.

Yesterday at 10:09 p.m., the whale started to buy the dip in SKHX, with a total investment of about $3.276 million by this morning. Later, after 9:54 a.m. today, the whale continued to average down, adding about $1.956 million to the position.

At the time of writing, the whale's long position in SKHX is worth about $4.749 million, with an unrealized loss of about $483,000, representing a return rate of approximately -98.3%. There are approximately $606,000 buy orders waiting to be filled below.