SKHX Opens Up 11%, Whales Close $3.4M Longs and Flip to Shorts in 30 Minutes

According to Hyperinsight monitoring, SK Hynix (SKHX) opened up 11% today (July 8) but retreated sharply to $1,423, giving back most of its intraday gains. Over the past 30 minutes on Hyperliquid, two whales who entered long positions overnight closed their positions, liquidating approximately $4.95 million combined. A wallet starting with 0x1cb exited 2,362 SKHX longs at an average price of $1,438, totaling roughly $3.4 million.

The address has since flipped to short, currently holding $1.63 million in SKHX shorts at 10x leverage with an entry price of $1,457. As of press time, the position shows an unrealized gain of approximately $51,000, or 23%.