Whale Buys the Dip on Samsung, Gets Liquidated in 2 Hours, SKHX Buy-the-Dip Position Also Loses 100%

July 29th, according to Hyperinsight monitoring, a whale (0x418a) opened a long position on Samsung Electronics worth approximately $1.447 million at 10:15 today, but was liquidated by the system at 12:08, resulting in a liquidation loss of about $1.366 million and a total loss of about $81,000.

Yesterday at 22:09, the same whale started buying the dip in SKHX, with a total investment of approximately $3.276 million by this morning; after 09:54 today, the whale continued to average down, adding about $1.956 million to the position.

At the time of writing, the whale's long position in SKHX is worth around $4.749 million, with an unrealized loss of about $483,000, representing a return rate of approximately -98.3%. There are approximately $606,000 buy orders waiting to be filled below.