Five whale addresses exit SKHX longs after sharp decline, with one shorting $6.3 million

Huoxing Finance reports that, on July 30, according to Hyperinsight monitoring, the five million-dollar whales who aggressively entered long positions during yesterday’s SKHX price plunge have all exited their long positions: four of them now hold zero SKHX, while the whale with address starting in 0x54c has switched from long to short. Data shows that over the past 24 hours, these five addresses collectively closed approximately 19,500 SKHX long contracts, with a total trading value of about $19.05 million, resulting in combined losses of approximately $171,000. This afternoon, the whale with address starting in 0x54c added another 2,000 SKHX short positions, currently holding a 7,000 SKHX short position with 5x leverage, worth approximately $6.359 million at an average entry price of $939.50. SKHX is currently trading at $908.50, yielding an unrealized profit of about $217,000, a return rate of approximately 16.5%, with a liquidation price of $1,454.80. Meanwhile, SKHX has declined about 8.2% today, with a 24-hour trading volume of approximately $1.55 billion and an open interest value of about $562 million.