SK Hynix's financial report is almost flawless based on the numbers Q2 revenue of KRW 79.32 trillion, a year-on-year increase of 257%; Operating profit of KRW 60.54 trillion, a year-on-year increase of 557%, with an operating profit margin of 76% The month on month growth is also strong: the first quarter revenue was still 52.58 trillion Korean won, and the operating profit was 37.61 trillion Korean won. In the second quarter, revenue increased by about 51% month on month and operating profit increased by about 61% HBM, AI server DRAM, and enterprise grade SSD are all experiencing price increases. HBM4 has started bulk shipments, HBM4E has completed sample delivery, and SK Hynix has also signed long-term supply agreements with approximately ten core customers. The company's own statement is that customer demand still exceeds supply capacity That's the question. Why did SKHX plummet 21% at one point with such a financial report? Because the financial report is good, but far from meeting market expectations Before the release of the financial report, the market expectations summarized by FnGuide were approximately: Revenue of 82.6 trillion to 83.9 trillion Korean won, operating profit of 63.2 trillion to 64.2 trillion Korean won The actual result is about 4% -5.5% lower than the consensus Compared to ordinary companies, this difference may not necessarily be significant. What Hynix is trading ahead is HBM price increase, HBM4 volume increase, and AI capital expenditure continuing to accelerate, and these expectations have been repeatedly raised What the market is waiting for is not to "reach new highs", but to continue to significantly exceed expectations I didn't exceed the limit, and the redemption plate came out The xyz: SKHX on Hyperliquid dropped from a high of $113.4 to $879.4 today, with a maximum drawdown of nearly 21%. At noon, the needle went down, and those who were chasing financial reports and opening high leverage were basically cleared once But just after this round of sell-off, a new address suddenly entered the market Address: 0xc8b527864ef2ad6dc49de7e99943a3a76ad48891 It does not have a flying knife attached to the tip of $879.4 At 13:42 in the afternoon, SKHX had rebounded back to around $980, and this address only started buying. By 14:09, in just about 27 minutes, a total of 31968 units were bought, with a turnover of approximately $31.39 million, directly becoming the largest long position on the SKHX holdings chart At present, the average position price is about $981.9, using 3 times the full position, and the liquidation price is about $554 This address only became active on July 24th and is almost exclusively engaged in storage stocks I have traded heavily in Micron MU and SanDisk SNDK, and now I have switched my position to SK Hynix. The previous two rounds of MU had a single round size of around 28 million to 29.3 million US dollars, and last night there were also multiple SNDK orders worth about 14.66 million US dollars. After SNDK's stop loss and exit at noon today, it quickly pushed its larger position onto SKHX In other words, this is not a small account that accidentally bought a Hynix It has been betting on storage cycles, but this time it's the heaviest one However, being ranked first on the long list does not necessarily mean that the market has turned SKHX maximum empty address: 0xebe126adabe1a8f08d3ce53b45e7cc994ca14070 We still have about $46.75 million in short positions, with an average opening price of about $1171.8, and a floating profit of over $9.43 million. During today's rebound, this address even added approximately $6.24 million in short positions around $974 The current disagreement is very direct The big bulls with $31.39 million believe that the sell-off caused by lower than expected financial reports is almost over, and HBM's supply and demand and profit realization are still ongoing. It is worth buying after the price returns to $980 The big bear of $46.75 million is still betting on one thing: no matter how good the performance is, it's useless. As long as the market starts to lower the overly aggressive HBM expectations, the valuation can continue to be suppressed After confirming the rebound, buy as a long first Another floating profit of over 9.4 million US dollars, but the rebound still adds to the short position Is SK Hynix's financial report a "wrong kill" or the first shot to the peak of storage stock expectations? These two super giants on Hyperliquid have already put their money on the table Data source: SK hynix Q2 financial report, FnGuide market expectations, AiCoin Hyperliquid on chain smart money, and AI analysis data Welcome to join AiCoin's smart money on the chain, with real-time release of giant whale warnings: Telegram link: https://t.me/AiCoinWhaleData DC link: https://discord.gg/5XSXjXSpz Hyperliquid SK Hynix SKHX HBM AI Chip Storage Chip Smart Money AiCoin