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“U.S. stock TOP 1 drawdown” A whale closed a long position of $35.16 million in SKHX, incurring a loss of $4.42 million.

MarsBitNews
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Mars Finance News: On July 2, according to Hyperinsight monitoring, over the past night and this morning, the AI and semiconductor sectors saw a sharp pullback. On the Hyperliquid platform, SKHX (SK Hynix) briefly fell below $1,500. In this broad sell-off, SKHX’s largest long holder (0x9dc) fully closed all MU and SKHX long positions. Notably, SKHX alone recorded a realized loss of $4.42 million in a single trade, and it also became the address with the largest 24-hour drawdown among U.S. stock traders on Hyperliquid. It is reported that this address had chased longs in SK Hynix at the high end about a week ago, entering at an average price of $1,803, with a position size of $35.16 million. After closing and exiting its positions today, the account’s $17.8 million in funds has fully shifted to a defense mode with no positions (staying in cash). No further next steps of opening or closing positions have been observed yet. Over the past 7 days, its cumulative losses have reached $6 million, but it still remains a key holder of positions in the semiconductor sector.
SKHYNIX-11.71%
MU-10.95%
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