A sharp slump in crypto-related semiconductors has forced long-position holders to exit en masse; six major whales stopped out of their long positions today, incurring a total loss of $16.8 million.

According to Hyperinsight’s monitoring, semiconductor-related contracts on Hyperliquid have fallen collectively today: Since 00:00 UTC today, SKHY is down 8.1%, SNDK down 7.1%, SKHX down 6.4%, and MU down 3.8%. The sell-off is forcing long positions entered at previous highs to be liquidated one by one. Among previously tracked addresses, six whales today placed stop-loss orders exceeding $1 million each on the four main assets, closing out a total of $16.852 million in long positions, with realized losses totaling $1.072 million. Stop-losses are highly concentrated in SKHY: five of the six whales’ million-dollar stop-losses are all on this asset; the remaining whale spread their exit across three assets, with stop-losses of roughly $386,000 on SKHY, $332,000 on SNDK, and $304,000 on MU, totaling around $1.022 million. SK Hynix’s ADR is the asset with the steepest decline in this round and also the most crowded exit for leveraged long positions. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.