Huo Xing Finance reports that on July 30, according to on-chain analyst Aunt Ai (@ai_9684xtpa), following a strong rebound in the storage sector, the whale who previously invested $31 million bullish positions after Hynix's earnings report has turned a $3.13 million unrealized loss into a $2.01 million unrealized gain. The whale’s entry price was $981.59, during which SKHX dropped as low as $897.43.
SKHX Whale Turns Loss into Profit Amid Market Recovery
MarsBitShare
Summary
Whale activity in the storage sector turned a $31 million SKHX position from a $3.13 million loss into a $2.01 million profit as prices rebounded. The whale entered at $981.59, with SKHX hitting a low of $897.43. Whale movements in the market have drawn attention, demonstrating how strategic positioning can benefit from sector recovery. MarsBit reported the trade on July 30.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.