It hit a high right after listing and is down -23% from the high.
Leverage, as you know, even a small drop can lead to a bigger drop. There are probably a lot of retail investors who bought at the top, so I'm worried about panic selling.
Leverage should be entered after hitting the bottom and consolidating on the chart, but it came out too high, so it's going down sharply.
To recover the principal, Hynix needs to rise crazily, but it hasn't been doing that lately, so it seems like it will take a long time.