Whale Holding 4,034 SKHX Longs Since June 26 Down 73.5%, Paying $472/Hour in Funding Fees

According to Hyperinsight monitoring, a whale address starting with 0x511 remains defending its SKHX long position on July 24, with 4,034 contracts leveraged at 3x, averaging $1,622.6 per unit. The position is now worth $4.942 million and down 73.5% or $1.6034 million, making it the largest losing holder on the platform. The initial entry price was $1,898.5 on June 26, currently 55.1% above spot price.

The position has persisted for 28 days, with the trader adding to the position four times at lower prices ($1,659, $1,678, $1,436, $1,361) before the final averaging-down on July 15. The whale has paid approximately $198,200 in cumulative funding fees since opening, with current hourly fees at +0.00955% costing roughly $472 at current position size.