SK Hynix Liquidated Over $24.79 Million in 4 Hours, Three Whales Lose $14M on Long Positions

According to Hyperinsight, SK Hynix experienced cascading liquidations over the past 4 hours on July 13, with cumulative forced closures reaching $24.79 million across spot and futures markets, exceeding Bitcoin and Ethereum liquidations and ranking highest network-wide.

Three major whale addresses triggered 10 forced liquidations over approximately 2 hours, clearing $13.95 million in long positions and realizing losses of approximately $1.59 million. Liquidation prices declined from around $1,391 to $1,309 per share, marking a near 6% loss across the range.