According to CoinMeta, based on early monitoring of in, the largest SKHX short position at address 0xebe1…4070 has significantly reduced today. From 12:30 to 18:51, this address reduced its short position by $5.9824 million, resulting in a loss of $307,000. In the evening, all of this short position was closed, resulting in an additional loss of $137,000. Currently, the account is still overwhelmingly in a short position, but the risk exposure is highly concentrated at SKHX: holding 21,891.41 SKHX with a position value of $26.2784 million, an average opening price of $1,141.79, and a floating loss of $1.2831 million. Notably, since opening this SKHX short position, a total of $2.1106 million in funding fees have been paid, which is even higher than the current floating loss. Considering only the unrealized losses plus the paid funding fees, this position has already created a cost burden of $3.3937 million. In addition, 0xebe1 also holds short positions in NVDA, HIMS, and SMSN, but the scale of these positions is significantly smaller than that of SKHX. Looking at the current position structure, SKHX remains the main risk exposure for this address, and this short position is currently under the dual pressure of floating losses and high funding fees.