STOCKS | SK Hynix Price Drop Triggers $24.79 Million in Liquidations Over Four Hours, Hyperinsight Says

SK Hynix’s price fell sharply, triggering a wave of long-position liquidations, according to Hyperinsight monitoring. According to Odaily, over the past four hours, total liquidations across SK Hynix U.S.-listed and spot stock contracts reached about $24.79 million, exceeding Bitcoin and Ethereum and ranking first across the network. The report said SKHX also recorded the largest single liquidation order across the network during the same period. Most of the liquidations were concentrated among three whale long traders. Over roughly the past two hours, three addresses triggered 10 forced liquidations, totaling about $13.95 million in long positions, with losses of about $1.59 million. Liquidation prices reportedly moved down from about $1,391 to $1,309, representing a decline of nearly 6% over that range.