On July 7, a sharp decline in South Korean semiconductor stocks triggered a wave of liquidations in SKHX long positions on Hyperliquid, according to Hyperinsight monitoring. One of the largest liquidation cases involved an address starting with 0x4b2. The whale reportedly opened a long position of 2,000 SKHX contracts near $1,620 on July 5, with a notional size of about $3.24 million. Between 9:00 and 13:00 on July 7, the position was liquidated in five separate events across a price range of $1,454.1 to $1,382.7. In total, 1,344.64 contracts were liquidated, representing roughly $1.916 million in notional value and a realized loss of about $271,000. As of publication, the same address had added back to the position and was holding 1,152.758 SKHX long contracts with a notional value of about $1.656 million. The next liquidation level was reported at $1,388.56.
SKHX longs face concentrated liquidations during semiconductor weakness
BlockBeats reported on July 7 that, according to Hyperinsight monitoring, a sharp drop in South Korean semiconductor equities led to concentrated liquidations of long positions in SKHX, the SK Hynix-related product traded on Hyperliquid. Among the addresses affected, one starting with 0x4b2 was identified as one of the largest liquidation targets in this round.
The monitored address began building its SKHX long position on the evening of July 5 at around $1,620. The total position reached 2,000 contracts, with a notional size of approximately $3.24 million. As the market moved lower, the position was force-liquidated in five separate events between 09:00 and 13:00 on July 7, with liquidation prices ranging from $1,454.1 to $1,382.7.
Across the five liquidations, a total of 1,344.64 contracts were liquidated, equal to about $1.916 million in notional value. The realized loss was reported at roughly $271,000. At the time of publication, the address had already added to the position again and was holding 1,152.758 SKHX long contracts, with a notional value of about $1.656 million. The next liquidation price was listed at $1,388.56.
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