A "smart money" investor has been gradually taking profits on their SK Hynix long positions, with expected gains exceeding $320,000, while simultaneously opening short positions.
Svmuu News: According to on-chain analyst Ai Yi, yixie10—a “smart money” investor who previously profited over $6.5 million by correctly betting on the AI sector—does not seem optimistic about Hynix’s performance following its official listing on the U.S. stock market and is gradually taking profits on his long positions: A TWAP take-profit order for 10,518.6 SKHX tokens (approximately $15.74 million) has been placed at $1,496.5 and is currently being executed, with an expected profit of over $320,000. At the same time, the trader plans to open a short position: When SKHX breaks through $1,598.8, he will open a short position worth $8.66 million.
Source:Odaily · Source Link
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