After a slight rebound in SK Hynix, sell pressure above has intensified, and on-chain funds are suspected to have been placed for shorting at higher levels, exceeding $12 million.

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BlockBeats news: July 7, according to Hyperinsight monitoring, after today’s sharp drop in South Korean stock semiconductors, prices rebounded slightly. On Hyperliquid, SK Hynix (SKHX) did not show a stronger far-end bargain-hunting wall, and a larger-scale sell order wall has been placed above the rebound.

Based on statistics measured at $50 away from the current price, sell orders visible above $1,512 for SKHX total about $14.19 million, while buy orders visible below $1,412 total about $8.457 million. The sell-wall size is approximately 1.68 times the buy-wall size.

Among them, the most concentrated sell-wall level is in the $1,610 to $1,650 range, with 81 orders, about 7,536.813 units, and a nominal value of about $12.189 million. Below, buy orders in the $1,300 to $1,390 range total about $5.737 million, with the buy-side holding clearly lower than the sell-side pressure above.

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SKHYNIX-6.82%
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