A whale address beginning with 0x890 was liquidated during SKHX’s sharp rebound on July 31, in what Hyperinsight said was the largest single liquidation across the market at the time. The forced closure wiped out 4,892.6 SKHX short contracts, with execution prices ranging from $1,126 to $1,140 and an estimated liquidation price of about $1,133.6. The total liquidation value reached $5.547 million, while the position posted an estimated loss of roughly $866,000.
At the time of liquidation, SKHX’s mark price had already climbed to $1,146.5. As of publication, the token was trading at $1,152.5, up 23.4% on the day. Its 24-hour trading volume stood at about $1.558 billion, and open interest was roughly $451 million.
The trader did not step away after the wipeout. Just 17 seconds after the original short position was cleared, the same address opened a new SKHX short. The address now holds 770 SKHX short contracts on 10x isolated margin, with a position value of about $887,000, an average entry of $1,147.8, an unrealized loss of around $3,337, and a liquidation price of $1,249.99.
A whale address starting with 0x890 was liquidated during SKHX’s sharp rebound on July 31, according to monitoring data from Hyperinsight. The liquidation was the largest single liquidation across the market at the time.
$5.547 million short position forced out
Data showed the trader’s 4,892.6 SKHX short contracts were forcibly closed in a short span, with execution prices ranging from $1,126 to $1,140. The estimated liquidation price was about $1,133.6. Total liquidation size reached $5.547 million, and the loss on the position was about $866,000.
When the liquidation took place, SKHX’s mark price had already risen to $1,146.5. As of publication, SKHX was trading at $1,152.5, up 23.4% on the day. Its 24-hour trading volume was about $1.558 billion, while open interest stood at roughly $451 million.
Whale reopened a short 17 seconds later
The whale did not exit after the liquidation. Just 17 seconds after the original short position was wiped out, the address opened another SKHX short.
The address is now holding 770 SKHX short contracts on 10x isolated margin. The position is worth about $887,000, with an average entry price of $1,147.8. It is currently showing an unrealized loss of about $3,337, and the liquidation price is $1,249.99. Compared with the liquidated short, the new position is smaller, but the trading direction remains unchanged.
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