「Whale Watching」: Micron Experiences Intraday Volatility, Whale Liquidation of $2.5 Million Today Accounts for Less Than 4.5%

BlockBeats News, July 8th, according to Hyperinsight monitoring, SK Hynix once again saw a slight decline after the South Korean stock market closed today. On Hyperliquid, SKHX is currently trading at $1,389, with a 24-hour decrease of 3.38%. The trading volume during the same period is approximately $788 million, with an open interest of about $339 million.

A whale (0x1cb) initiated a long position on SKHX at a low point about two hours ago and is currently trapped in a passive state. The whale currently holds a long position on SKHX (10x leverage), with 1,805 contracts valued at around $2.51 million. The average entry price is $1,410, the liquidation price is $1,331.11, and the current unrealized loss is approximately $37,200 (-14.61%).

Based on the current price, the position is only $58 away from the liquidation price, representing about 4.2% margin.

In addition, the address has successively placed liquidation sell orders equal to the holding amount at $1,430 and $1,332. The former is a take-profit order in case of a rebound, while the latter is a stop-loss order set close to the liquidation price. The stop-loss is merely $1 away from the liquidation price, intending to exit proactively before forced liquidation.