SK hynix plunges at midday by 7.4%, and the short sellers who were positioned high earlier this morning have already profited nearly 60% of the principal.

Deep Tide TechFlow news. On July 22, according to Hyperinsight monitoring, on Hyperliquid, SKHX reached a peak of $1,353.2 at 9:15 today, then quickly dropped during the midday period; at 13:40, it hit a low of $1,253.1, down 7.4% from the high point. As of the time of publication, SKHX is trading at about $1,256.8, and the morning gain has largely been fully unwound.

A single whale happened to complete shorting right before this round’s high point. From 7:00 to 9:10 today, it used 491 trades to cumulatively sell 2,000 SKHX, establishing the position at an average entry price of $1,333.98.

As of the time of publication, the whale holds a 10x fully margined short position of 2,000 SKHX, with a position value of about $2.5138 million and an unrealized profit of about $154.2k, for a return rate of about 57.8%. Its liquidation price is about $4,120.99. Currently, no take-profit or stop-loss orders have been set for SKHX.

From historical trading, this whale is a high-frequency, multi-asset short-term address. Over the past 7 days, its trading volume was about $116 million, with profits of $510.3k. Previously, it mainly traded the crypto market’s BTC and ETH, and this round is the first time it has shifted its position toward SKHX.