Four Addresses Shift SKHX Positions Toward Shorts as Token Rises 1.1%

Four addresses previously held about $4.215 million in long positions and $3.169 million in short positions, for a net long exposure of about $1.046 million. Their combined positions shifted 13,035.52 units toward the short side, worth about $15.833 million at current prices. According to Odaily, one address moved from near-flat exposure on Friday to a short position of about $4.615 million on Saturday, while another closed a 2,309.47-unit long and reversed to short this morning, losing about $116,000 during the flip. A third address shifted from a 1,200-unit long to an 1,800-unit short, and a fourth added to a short position that now stands at about $6.581 million. SKHX closed at $1,200.9 on Friday and is now trading at $1,214.6, up about 1.1% since the weekend. The weighted average cost of the four addresses' current short positions is about $1,174.54, leaving them with a combined unrealized loss of about $487,000. SKHX notional open interest fell from about $328.9 million on Friday to about $315 million, a decline of nearly 4%. Among 66 SKHX positions worth at least $1 million each, 35 are long and 31 are short, with a long-to-short ratio of 1.13 by address and 0.71 by value. Net short exposure across those positions is about $36.755 million, and the four addresses account for about 11.7% of the large short positions.