Whale on Hyperliquid Liquidated $1.916 Million SKHX Longs Across 5 Positions on July 7

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According to BlockBeats, citing Hyperinsight monitoring data, on July 7, a whale address (0x4b2) on Hyperliquid faced five liquidations of SK Hynix (SKHX) long positions during a sharp decline in Korean semiconductor stocks. The whale had accumulated 2,000 SKHX contracts around $1,620 starting July 5 evening, valued at approximately $3.24 million. Between 9 a.m. and 1 p.m. today, 1,344.64 contracts were liquidated across prices ranging from $1,454.10 to $1,382.70, resulting in a notional liquidation value of approximately $1.916 million and a recorded loss of $271,000. As of reporting, the whale reopened a position with 1,152.758 SKHX contracts worth approximately $1.656 million, with a liquidation threshold at $1,388.56.
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