SK Hynix Plunges 10% to New Low, Whale Liquidated $3.21 Million

BlockBeats News, June 2nd, according to Hyperinsight monitoring, SK Hynix's market capitalization hovered around the trillion-dollar mark after a sharp rise in the past few days. After a significant surge last night, the price plummeted early today, dropping over 10% in three hours.

The drastic price drop has shaken the on-chain long positions. On the Hyperliquid platform, SKHYNIX is currently trading at $1522. After falling below $1567 in this round, a whale was liquidated twice in a row, with a total of 1056 positions forcibly closed, worth approximately $3.21 million.

After being fully liquidated, the whale has not exited the market but has instead opened new long positions with a bullish view. Leveraging 10x, they went long on 836 positions with a total position size of around $1.28 million, with the liquidation price at $1449.

Address: 0xea0027b6ea9b6d7d401b5266979cc3b3ca87a918

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