A sharp drop in semiconductors forced the bulls to rush out en masse; today, 6 major whales stopped out, realizing a loss of $16.8 million on long positions.

BlockBeats, July 17—according to Hyperinsight monitoring, Hyperliquid’s semiconductor-related contracts collectively fell today. Since 0:00 today, SKHY is down 8.1%, SNDK is down 7.1%, SKHX is down 6.4%, and MU is down 3.8%.

The selloff is driving out the long positions that entered at earlier highs, one by one. Among the addresses identified earlier, today 6 whales have stop-loss amounts exceeding $1 million across the four main targets; a total of 1685.2 million USD in long positions have been closed, with realized losses totaling 107.2 million USD.

Stop-losses are highly concentrated in SKHY. Of the 6 whales, 5 have all their million-level stop-losses placed on this single asset; the remaining 1 whale exited across the three assets with dispersed stop-losses of about 38.6 million USD on SKHY, about 33.2 million USD on SNDK, and about 30.4 million USD on MU, totaling about 102.2 million USD.

Hail士 ADR is precisely the asset with the deepest drop this round, and also the most crowded exit for leveraged longs.

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