Whale Buys High and Sells Low on SK Hynix, Losing Approximately $557,000

On August 14, a whale starting with 0x1829 suffered losses in trading SK Hynix, despite having a historical win rate of 95% over 20 rounds of storage transactions. In this trade, the whale bought SK Hynix at $1,909, then cut losses near the low point of $902, incurring a loss of approximately $557,000, with a recorded loss of about $507,300. The whale had initially pursued SK Hynix at an average price of about $1,909 on June 22, and after a significant drop the next day, it added to its position in the $1,685 to $1,775 range, ultimately holding 558.75 shares with a total investment of about $1.012 million, averaging down to $1,810.43. Afterward, SK Hynix continued to decline, and the whale did not adjust its position, eventually liquidating at $902.6. After liquidation, SK Hynix is currently priced at $1,169.4, up 29.6% from its average selling price. This morning, SK Hynix briefly rose to $1,216.5; had the whale continued to hold, it could have reduced its losses by $175,400. The address has not repurchased SK Hynix to date and has not returned to trading.

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