Sold Out Overnight for $1.2 Million: Storage Whale Liquidates Early, Missing Out on 6.5x Profit
August 14, according to TradingBeats monitoring, SK Hynix and SanDisk surged in sync from last night to this morning, with a whale who had just liquidated two storage stocks missing out on the main uptrend.
An address starting with 0x0c4 had successively liquidated 2908.3 SKHX and 2323.9 SNDK long positions a day ago, totaling a withdrawal of about $186,000. However, based on this morning's high point, if held continuously, the two trades could have made a profit of approximately $1.385 million at one point, exceeding the actual gains by about $1.2 million, resulting in a missed opportunity equivalent to 6.5 times the already withdrawn profit.
Details:
The SKHX was liquidated at an average price of $1022.9, realizing a profit of about $17,000; it surged to $1207.4 this morning, missing out on about $537,000;
The SNDK was liquidated at an average price of $1278, realizing a profit of about $169,000; it surged to $1563.3 this morning, missing out on about $663,000.
The total closing amount for the two positions was about $5.945 million. After the liquidation, SKHX and SNDK had risen by approximately 18.0% and 22.3% from their respective average selling prices.
The whale has not yet recovered the long positions, and has now reversed to short 2524.2 SNDK contracts with 10x leverage, with a position value of about $3.902 million, an entry price of $1553.2, an unrealized profit of about $18,000, and a liquidation price of $1936.
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