SK Hynix experiences Whipsaw: 3 New Whale Entrants Trapped, with One Chase Buyer $60 Away from Liquidation

BlockBeats News, July 20th, according to Hyperinsight monitoring, Hyperliquid's SK Hynix (SKHX) experienced a sharp rise and fall after the opening this morning. It opened at $1168.1, soared to a high of $1270.1 within half an hour, representing an increase of about 8.7%. It then quickly fell back, reaching a low of $1185.3 at 9:55 am, a drop of about 6.7% from the high point.

During this volatility, three whales successively built up long positions in SKHX, holding a total of 11,620.674 units with a position value of approximately $14.036 million. Based on SK Hynix's current price of $1198, all three long positions are currently underwater:

Whale starting with address 0xf4b: Opened a new long position with a 10x leverage, holding approximately $2.715 million, with an average price of $1210.6, facing a unrealized loss of about $0.09 million, and a liquidation price of $1130.4;

Whale starting with address 0x564: Opened a new long position with a 10x leverage, holding approximately $4.918 million, with an average price of $1238.9, facing an unrealized loss of about $0.125 million, and a liquidation price of $851.5;

Whale starting with address 0x2ab: Switched from a short position to a long position and continued to add to the position, holding approximately $6.403 million with a 10x leverage, with an average entry price of $1212.8, facing an unrealized loss of about $0.025 million, and a liquidation price of $650.3.

Among them, the whale starting with address 0xf4b is closest to liquidation. When SKHX dropped to $1185.3 during the trading day, the difference was only about $54.9; as the price rebounded to $1298, the current difference has widened to about $68.