ME News report, August 6 (UTC+8), according to TradingBeats (formerly Hyperinsight): SKHX is currently trading at $1,061.50, down 10.6% over the past 24 hours. The 24-hour trading volume for SKHX has risen to $639 million, while open interest has decreased by approximately 1.2%; the hourly funding rate is around +0.0106%. During the decline, the long-to-short ratio across all accounts increased from 2.44:1 to 3.00:1. Over the past 24 hours, the number of long addresses increased by only 88, while short addresses decreased by 159, with some of this shift attributed to short positions being closed for profit. Large-scale capital movements have shown a clear bearish bias. Over the past 24 hours, net long positions among million-dollar accounts decreased by approximately $7.519 million, while net short positions increased by about $3.453 million; the long-to-short value ratio dropped from 0.78 to 0.70. Currently, whale short positions exceed long positions by approximately $37.169 million. Within the last hour, new positions added by million-dollar addresses showed a 55.4% higher allocation to shorts. Over the past four hours, five whales who added or increased positions collectively added approximately $9.077 million in exposure, with their current total position value at about $9.766 million and a weighted average entry price of $1,081.30—now all at a combined unrealized loss of approximately $176,000. Among them, the largest newly opened position was a long of 2,394.8 SKHX at an average price of $1,073.50, with a position value of approximately $2.544 million and a liquidation price of about $1,016.80—just 4.2% below the current price. (Source: BlockBeats)
SK Hynix Crypto Price Drops 10.6% Amid Large Short Positions and Whale Losses
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Summary
SK Hynix price declined 10.6% to $1,061.5 on August 6 (UTC+8), with 24-hour trading volume reaching $639 million. The long-to-short account ratio rose to 3:1 as short-term whale positions added $907.7 million in four hours, now totaling $976.6 million with an average entry price of $1,081.3. These positions are currently facing a $176,000 loss, with the largest long position at risk if the price drops another 4.2%. The risk-to-reward ratio for these positions is narrowing as losses continue to grow.
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