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Crypto DeFi

Address Cuts SKHX Short by $4.76M, Still Holds $1.92M Position

An address reduced its SKHX short position by 5,236.101 tokens during the reporting window, leaving 2,114.539 tokens worth about $1.92 million. Over the period it closed roughly $6.79 million in SKHX shorts and opened about $2.05 million, while the contract account’s cumulative profit stands at about $40.45 million. The address is 0xfc667adba8d4837586078f4fdcdc29804337ca06.

Original source

AI take

The scale of the cumulative profit dwarfs the remaining position, which suggests this is a book that has already banked most of its exposure rather than one actively pressing a view. The asymmetry between shorts closed and shorts opened points to de-risking, not a reversal signal. What matters is whether the residual $1.92 million is a placeholder or the start of a rebuild; single-address flows on a token this size are worth tracking for direction, not for conviction.

Generated by AI for reference only.

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