ChainThink reports that on August 25, according to on-chain monitoring, after SKHX rebounded at noon, the smart money address 0xc8b, which previously held a short position, abandoned its strategy of placing limit orders at lower levels and directly bought 35,600 SKHX at an average price of approximately $1,168.20, with a total transaction value of about $41.646 million.
This address previously placed 100 buy orders in the $1,030–$1,060 range, intending to deploy approximately $20.9 million in anticipation of a pullback, then canceled the orders and chased the price upward after the rebound.
It is currently holding a full-position long of approximately $43.014 million with 3x leverage, with an unrealized profit of about $1.368 million and a liquidation price of $636.70;
Simultaneously maintain two additional buy orders in the $1,162.6–$1,170 range, planning to purchase an additional $2.074 million.
This address closed 26,600 long positions yesterday at an average price of approximately $1,210.9, realizing a profit of $1.952 million, and has increased its current position size by about 34%.