BlockBeats News, June 11th, according to Hyperinsight Monitoring, the "sell on rally" whale (0x4c78...2444) who had significantly shorted South Korean semiconductor stocks has closed its short position on SK Hynix (SKHYNIX) 7 hours ago and increased its short position on Samsung Electronics (SAMSUNG) 3 hours ago.

The address currently holds a short position on SK Hynix of approximately $9.44 million, with an unrealized gain of $357,000; a short position on Samsung Electronics of approximately $1.05 million, with an unrealized gain of $45,000. Additionally, it holds short positions on MU, DRAM, COPPER, NVDA, MRVL, BB, and others, with a total position value of $24.24 million and a short position ratio of 100%. The address has made a perpetual contract profit of $3.09 million in a week. The address remains the largest short seller of SK Hynix on the platform.

Today, the stock markets in Japan and South Korea opened sharply lower, with the South Korean KOSPI index plunging over 4%, Samsung Electronics dropping nearly 5%, and SK Hynix falling over 4%. Previously, SK Hynix, which rebounded on the positive news of collaboration with NVIDIA, is once again under pressure. On a macro level, the U.S. May CPI surged by 4.2% year-on-year to a three-year high. However, Trump expressed support for the new Fed Chair Powell's independent decision-making, and the market expects the interest rate decision next week to remain unchanged. The whale's decision to readjust its positions might be due to risk avoidance of a short-term rebound or a continued bet on a semiconductor sector correction.