A smart money trader known as 'Yu Yu and m' has recorded an unrealized loss exceeding $2.09 million from long positions in SK Hynix-related perpetual contracts, topping the loss leaderboard over the past three days.
According to BlockBeats On-chain Detection, the monitoring was reported on July 14 by on-chain analyst Ai Yi (@ai_9684xtpa). Data revealed that the trader held 7,462.68 SKHX tokens with an average entry price of $1,477.89, resulting in an unrealized loss of $1.95 million. Additionally, the trader held 25,733.63 SKHY tokens with an average entry price of $157.22, leading to an unrealized loss of $137,000.
Despite the cumulative unrealized loss surpassing $2.09 million, the positions are described as having sufficient margin. The liquidation prices for the SKHX and SKHY positions stand at $756 and $27.59 respectively, indicating no immediate liquidation risk in the short term.