The address that reduced its SKHX short position linked to SK Hynix by $4.76 million has $1.92 million remaining.

A single address reduced its short position in SKHX, a perpetual contract tracking SK Hynix ($000660) stock, by 5,236.101 tokens worth roughly $4.76 million, leaving 2,114.539 tokens valued at about $1.92 million as of 5:03 p.m. KST on the 10th, per Odaily. The wallet, 0xfc667adba8d4837586078f4fdcdc29804337ca06, did not fully close the position. Over Odaily's observation window, the same address closed about $6.79 million in shorts and opened roughly $2.05 million in new ones, figures that measure cumulative trading volume rather than the net $4.76 million reduction. The partial unwind matters because SKHX gives on-chain traders direct exposure to Korean equity price moves, and the remaining $1.92 million short leaves the address still positioned for further downside. Watch whether the wallet continues trimming toward a full close and whether other holders follow, which could shift SKHX open interest and funding.