SK Hynix-related contracts logged the largest liquidations across the market in the past four hours after a sharp price drop triggered a wave of long-side forced closures, according to Hyperinsight. Combined liquidations in SK Hynix U.S. stock and spot-linked contracts reached about $24.79 million, putting the name ahead of BTC and ETH during the same period. Hyperinsight also said SKHX recorded the single largest liquidation order across the network in that window.
The selling pressure was concentrated in three whale accounts. Over roughly two hours, those three addresses triggered 10 forced liquidations, wiping out about $13.95 million in long positions and realizing roughly $1.59 million in losses. Their liquidation levels moved down from about $1,391 to $1,309, a decline of nearly 6% across that range.
As of publication, one of the three whales, an address starting with 0x4b2, had not fully exited. The wallet still held about 687 SKHX long contracts with a notional value of roughly $900,000. Its position return stood near -119%, and its liquidation price was listed at $1,292, less than $20 away from the current price, leaving the position in a high-risk liquidation zone.
SK Hynix contracts lead market liquidations
SK Hynix saw the largest liquidation total across the market in the past four hours after a sharp price drop set off a chain of long liquidations, according to Hyperinsight.
Liquidations in SK Hynix U.S. stock and spot-linked contracts reached about $24.79 million over that period, ahead of BTC and ETH. SKHX also posted the largest single liquidation order on the network during the same window.
Three whales accounted for most of the wipeout
The latest wave was concentrated in three whale long positions. Over roughly two hours, three addresses triggered 10 forced liquidations, wiping out about $13.95 million in longs and realizing about $1.59 million in losses.
Their liquidation prices fell from around $1,391 to $1,309, marking a decline of nearly 6% across the range.
One address remains exposed
As of publication, one of the three whale addresses, beginning with 0x4b2, had not fully closed out. It still held about 687 SKHX long contracts with a notional value of about $900,000.
The position was showing a return of about -119%, with a liquidation price at $1,292. That left it less than $20 away from the current price and still in a high-risk liquidation zone.
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