According to CoinMeta, SK Hynix ( skhx ) is currently trading at $1061.5, a 10.6% decline over 24 hours. The trading volume over the past 24 hours has risen to $639 million, while the number of open contracts has decreased by about 1.2%. The hourly funding rate is approximately +0.0106%. During the decline, the long-to-short ratio of all accounts increased from 2.44:1 to 3.00:1. In the past 24 hours, there were only 88 additional long addresses, while 159 short addresses disappeared, with some of this change coming from short traders taking profits and exiting the market. The trading direction of accounts with funds in the millions is clearly bearish; over the past 24 hours, these long positions decreased by about $7.519 million, while short positions increased by about $3.453 million, reducing the long-to-short ratio from 0.78 to 0.70. Currently, the scale of giant whale short positions is about $37.169 million higher than that of long positions. In the last hour, among new positions opened by accounts with funds in the millions, short positions accounted for 55.4% of the additions. In the last 4 hours, including new and increased positions by 5 giant whales, there was a total increase of about $9.077 million in positions, with a current holding value of about $9.766 million and an average entry price of $1081.3. These positions are now all at a floating loss of about $176,000.