「Whale Discovery」: SK Hynix Surges and Retreats, Whale Liquidates Over 3.4 Million Long Positions

BlockBeats News, July 8th, according to Hyperinsight Monitoring, SK Hynix (SKHX) surged 11% after the opening today and then retraced, currently trading at $1423, giving back most of its intraday gains.

In the past half hour, two whales who entered at the low last night and this morning on Hyperliquid have closed all their long positions, with a total size of about $4.95 million. Among them, the address starting with 0x1cb liquidated 2362 SKHX long positions at an average price of $1438, with a size of about $3.4 million.

As of the time of writing, this address has reversed to short, currently holding a SKHX short position (10x leverage) with a size of $1.63 million, an average price of $1457, a liquidation price of $1529, and a current unrealized profit of about $51,000 (+23%).