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The largest on-chain bearish whale in the Korean stock market has partially taken profits. The current position size remains at $4.67 million.
On March 4th, according to Coinbob’s popular address monitoring, the largest short whale on the Hyperliquid platform holding cash:EWY (iShares Korea ETF mapping contract) (0x65c1) has been continuously reducing its position to take profits since this morning, currently having sold approximately $1 million. The current position size is about $4.67 million, with an average price of $128, and an unrealized profit of $200,000 (36%), with a liquidation price of $146. It is reported that, due to the Korean stock market’s two-day consecutive plunge and circuit breaker, this address opened a 9x leveraged short position at an EWY price of around $131 yesterday, then gradually rolled over the position, with the peak holding size reaching $5.67 million. Additionally, the largest long address for EWY (0x629a) holds a 20x leveraged long position with a size of $5.86 million, an average price of $126, and an unrealized loss of $210,000 (-69%). This position was opened yesterday at 11 PM.