According to Hyperinsight monitoring, during SKHX’s sharp rebound, the whale starting with 0x890 suffered a liquidation of 4,892.6 SKHX short positions at 16:02 (UTC+8), with a liquidation value of $5.547 million and a realized loss of approximately $866,000. SKHX rose 23.4% intraday, with a 24-hour trading volume of approximately $1.558 billion and an open interest of approximately $451 million. Seventeen seconds after the original short position was fully liquidated, the whale reopened a short position on SKHX, currently holding 770 SKHX short positions with 10x isolated leverage, valued at approximately $887,000. The average entry price is $1,147.80, with an unrealized loss of approximately $3,337 and a liquidation price of $1,249.99.
SKHX Surges 23.4% as Whale Loses $5.5M on Short Position Before Re-Shorting
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Summary
Whale activity triggered a major short liquidation as SKHX surged 23.4% intraday. A whale with an address starting with 0x890 lost $5.547 million at 4:02 PM UTC+8, with 4,892.6 SKHX shorts liquidated. The whale acted immediately, reopening 770 SKHX shorts at 10x leverage, worth $887,000, just 17 seconds later. SKHX recorded $155.8 million in 24-hour trading volume and $451 million in open interest.
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