SK Hynix sees slight rebound followed by increased selling pressure, on-chain data suggests over $12 million in short positions added at the local top

BlockBeats News, July 7th, according to Hyperinsight Monitoring, today's South Korean semiconductor stocks experienced a slight rebound after a sharp decline. On Hyperliquid, there was no significant distant bottom fishing wall for SK Hynix (SKHX). Instead, a larger-scale sell wall has been formed above the rebound.

Looking at orders $50 away from the current price, there is approximately $14.19 million visible sell orders above $1512 for SKHX, and about $8.457 million visible buy orders below $1412, with the sell wall size being 1.68 times that of the buy wall.

The most concentrated sell wall is located in the $1610 to $1650 price range, totaling 81 orders with around 7536.813 units, representing a nominal amount of about $12.189 million. On the buy side, buy orders in the $1300 to $1390 range amount to approximately $5.737 million, showing significantly less buying pressure compared to the selling pressure above.

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