$SKHX LARGE SHORTS OUTNUMBER LONGS AS PRICE TESTS KEY LEVEL 📉
SK Hynix ($SKHX ) just dropped 6.3% in under two hours on Hyperliquid, now trading at $1,655. On-chain data reveals a clear short bias: open interest at $320M with shorts holding 1.44x the nominal size of longs.
The largest long position, entered at $1,803 on June 24, is $3.48M underwater on 2x leverage. This imbalance suggests liquidity sweeps are likely. Are shorts preparing to squeeze or will selling pressure continue to dominate?
Not financial advice. Always manage your risk.
#SKHX #ShortSetup #Liquidation #Hyperliquid #TradeFi
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SK Hynix ($SKHX ) just dropped 6.3% in under two hours on Hyperliquid, now trading at $1,655. On-chain data reveals a clear short bias: open interest at $320M with shorts holding 1.44x the nominal size of longs.
The largest long position, entered at $1,803 on June 24, is $3.48M underwater on 2x leverage. This imbalance suggests liquidity sweeps are likely. Are shorts preparing to squeeze or will selling pressure continue to dominate?
Not financial advice. Always manage your risk.
#SKHX #ShortSetup #Liquidation #Hyperliquid #TradeFi
⚡