SK Hynix Stock Surge Challenges Major Short Positions

On May 11, SK Hynix's stock price has been rising steadily, according to BlockBeats On-chain Detection. Hyperliquid reports indicate that large-scale short positions on SKHYNIX contracts are currently experiencing significant unrealized losses. The largest whale, who opened a position on February 20 with a 4x leverage, shorted 3,394.6 SKHYNIX contracts, equivalent to $4.36 million, at an average entry price of $816 and a liquidation price of $1,592. After nearly three months, the unrealized loss has expanded to $1.58 million, representing a 119% loss, more than double the initial capital. As of the latest update, the position remains open. With SK Hynix reaching historical highs, the contract on Hyperliquid is currently priced at $1,299. New short positions continue to enter the market, with the latest whale's average entry price at $1,250. The closest liquidation line for a short address on-chain is at $1,451. Address: 0xa55e490ab10f1e90b288a5f69c96f9e47547ae2e