Semiconductor Plunge Forces Long Liquidation, Six Whales Stop Out Acknowledging $16.8 Million Loss on Longs

BlockBeats News, July 17th, according to Hyperinsight Monitoring, Hyperliquid's semiconductor-related contracts collectively experienced a drop today: starting from 00:00 today, SKHY dropped by 8.1%, SNDK dropped by 7.1%, SKHX dropped by 6.4%, and MU dropped by 3.8%.

The downturn is forcing out longs who entered at the previous highs one by one. Among the addresses identified earlier for tracking, today, six whales have had stop-loss levels exceeding $1 million on the four main targets mentioned above, resulting in a total liquidation of $16.852 million in long positions, with a total realized loss of $1.072 million.

The high concentration of stop-losses is on SKHY, where all five whales with million-dollar stop-losses are focused. The remaining one whale has spread their retreat across three targets, with stop-loss amounts of approximately $386,000 on SKHY, $332,000 on SNDK, and $304,000 on MU, totaling around $1.022 million.

Micron's ADR is precisely the target with the deepest decline in this round and is the exit for leveraged longs where crowding is the highest.

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