BlockBeats reported that a whale reduced a short position in the SK Hynix Korean-stock contract SKHX by approximately $7.215 million, while adding about $1.15 million to a long position in the SKHY ADR contract.
Position changes
The SKHX short was reduced by roughly 35%, with a reported loss of about $92,100. The account still held about $13.8 million in SKHX shorts and $5.91 million in SKHY longs, with a combined unrealized loss of about $518,000.
Spread-trade structure
The report described the positioning as short Korean shares and long the ADR. It said the on-chain SKHY premium relative to SKHX had fallen to about 42.34% from a stage high of 51.05%, a reduction of about 8.71 percentage points. These are point-in-time position estimates, not a guaranteed trading outcome.
Source: BlockBeats English flash, published Nov. 2, 2026.