SK Hynix (SKHX) saw a sharp two-way move on Hyperliquid after the open, according to monitoring data from Hyperinsight.
SKHX opened at $1,168.1 in the morning session and rose to a high of $1,270.1 within half an hour, a gain of about 8.7%. The price then reversed quickly. By 9:55 a.m., it had dropped to an intraday low of $1,185.3, about 6.7% below the peak.
Three whale traders opened SKHX long positions
During the move, three whale traders opened long positions in SKHX one after another. Their combined holdings totaled 11,620.674 units, with position value of about $14.036 million.
Using a quoted SKHX price of $1,198, all three long positions were in the red at the time of the update.
- Whale address starting with 0xf4b: newly opened a long position, with a 10x cross position valued at about $2.715 million, an average entry price of $1,210.659, an unrealized loss of about $9,000, and a liquidation price of $1,130.40;
- Whale address starting with 0x564: newly opened a long position, with a 10x position of about $4.918 million, an average entry price of $1,238.912, an unrealized loss of about $125,000, and a liquidation price of $851.59;
- Whale address starting with 0x2ab: closed a short, flipped long, and kept adding to the position, building a 10x long worth about $6.403 million, with an average entry price of $1,212.854, an unrealized loss of about $25,000, and a liquidation price of $650.33.
0xf4b was the closest to liquidation
Among the three, the whale address beginning with 0xf4b was the nearest to liquidation.
When SKHX fell to $1,185.3 during the session, the distance between that price and the liquidation level briefly narrowed to about $54.9. After the price rebounded to $1,298, the gap widened to about $68.