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“Whale Detected” SK Hynix rises sharply then pulls back, and a whale has already closed more than 3.4 million orders and gone short
BlockBeats News, July 8—According to Hyperinsight monitoring, SK Hynix (SKHX) surged 11% at the open today before falling back again, and is now trading at $1,423, having given back most of its intraday gains.
Within the past half hour, two “whales” who entered positions at low levels on Hyperliquid late last night and early this morning have fully closed all of their long positions, with a total size of approximately $4.95 million. Among them, the address starting with 0x1cb closed 2,362 SKHX long positions at an average price of $1,438, totaling approximately $3.4 million.
As of the time of publication, this address has flipped to a short position, currently holding SKHX shorts (10x leverage) with a size of $1.63 million and an average price of $1,457. Its liquidation price is $1,529, and its current unrealized profit is approximately $51,000 (+23%).