On June 29, as monitored by Hyperinsight, SK Hynix (SKHX) on the Hyperliquid platform was reported at $1,672, down about 3.5% in 24 hours, and Samsung Electronics (SMSN) was reported at $208.7, down about 5.8%.

In the sell-off, long whales who bought the dip at high levels are trapped the deepest. For SK Hynix, the address (0x9dcf) bought at $1,820.64 with 2x leverage on June 24, with a size of up to $29.09 million. As the stock price fell, the floating loss has reached about $1.77 million (approximately 16% of margin), with a single-day drawdown of $2.2 million.

For Samsung, longs were also collectively trapped. Several long orders had average entry prices in the $217–$226 range, all above the current price. The deepest floating loss among them reached nearly 40% of margin, and the address (0x053f) just entered a chasing long yesterday.

Large holders of SK Hynix are generally bearish, with the notional size of shorts being about 1.49 times that of longs. The average price for longs is about $1,608, and for shorts about $1,654. The current price is sandwiched between the two, squeezing both high-level longs and low-level shorts, with only those who opened positions in the middle range spared.

On the news front, Samsung Electronics and SK Hynix announced on June 29 a chip expansion plan worth up to 1,000 trillion Korean won (up to 2,000 trillion Korean won over ten years), but it still failed to stem market sell-offs.

Recently, South Korea was excluded from the MSCI developed markets, and an exodus of about $62 billion in foreign capital that had been brewing for months reached a critical point, with the Korean won hitting a 17-year low. Combined with the macro pressure of the US PCE inflation rising to 4.1%—a three-year high—fears of an AI bubble, and foreign capital outflows, positive news was overwhelmed by liquidity panic. Meanwhile, the leveraged single-stock ETFs for Samsung and SK Hynix, approved in May, triggered a cascade of liquidations.

-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permissions) to automatically sync on-chain data. #0成本拿2股SK海力士