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🚨 $SKHX just popped 24.4% to $1165.5 with $1.514B volume today — but the real story is what happened under the hood. From 11PM last night to 11AM today, open interest got crushed. OI dropped $172M, from $622M to $451M. That’s a 27.6% deleveraging in one session. Who sold? 40 big long accounts cut ∼$172M. 29 of them closed completely, some even flipped short. Biggest exit: 0xc8b dumped all 37,229 $SKHX worth ∼$43.39M at $1135.2 avg, locking ∼$5.72M profit. Position now zero. Others: 0x2dac -$17.09M, 0x469e -$15.03M, 0x4662 -$6.08M, 0x215b out too. Shorts covered as well — 40 major shorts bought back ∼$148M. Money didn’t leave storage, it rotated. Million-dollar wallets added ∼$44.83M to $MU, ∼$63.18M to $SNDK, ∼$44.79M to $SKHY. Net result: $SNDK +$10.5M longs, $SKHY +$26.36M longs. $MU still saw -$29M net outflow. Hourly OI up 12.7% for $MU, 9.4% for $SNDK, 12.9% for $SKHY vs SKHX’s big drop. $SKHY also outperformed with +25.9% and its ADR premium to $SKHX widened to ∼35.0%. Bottom line: Longs took profit in SKHX, shorts covered, and capital shifted to SNDK and SKHY instead. $SNDK $SKHYNIX $MU #SoftPCEStrongDemand #AMZNMissesButRallies #SoftPCEStrongDemand #AMZNMissesButRallies #MSFT450BInADay