South Korean semiconductor stocks slumped sharply, triggering five large forced liquidations of SKHX, with one whale’s long position being liquidated for approximately $2 million.

According to Hyperinsight monitoring, during today’s sharp decline in South Korean semiconductor stocks, long positions of SK Hynix (SKHX) on Hyperliquid were subject to concentrated liquidations, with the address starting with 0x4b2 emerging as one of the largest liquidation targets in this round. The whale had opened 2,000 SKHX long positions at around $1,620 starting on the evening of July 5, totaling approximately $3.24 million in size. Between 9:00 and 13:00 today, it suffered a total of 5 liquidations of SKHX long positions, cleared in batches at prices ranging from $1,454.1 to $1,382.7, amounting to 1,344.64 contracts with a nominal value of about $1.916 million, resulting in a loss of $271,000. As of press time, the address has added new positions, holding 1,152.758 SKHX long positions with a nominal size of roughly $1.656 million, and its next liquidation threshold stands at $1,388.56. HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an administrator (enable the send messages permission) to automatically sync on-chain information.