Five whale wallets close SKHX longs after selloff; one flips short with $6.3 million position

Huoxing Finance reports that on July 30, Hyperinsight data shows five million-dollar "whale" addresses that bought aggressively during yesterday's SKHX drop have now fully unwound their long exposure. Four addresses have reduced SKHX holdings to zero, while the wallet beginning with 0x54c has reversed from long to short. Over the past 24 hours, the five addresses collectively closed about 19,500 SKHX long contracts, representing roughly $19.05 million in notional value and an estimated combined loss of around $171,000. Later today, the 0x54c wallet added another 2,000 SKHX shorts. It now holds 7,000 SKHX short contracts at 5x leverage, valued at approximately $6.359 million, with an average entry price of $939.50. With SKHX trading near $908.50, the position shows an unrealized gain of about $217,000, implying a return of roughly 16.5%. The liquidation price is reported at $1,454.80. SKHX is down about 8.2% on the day. 24-hour trading volume stands near $1.55 billion, and open interest is approximately $562 million.