Woofun AI reports that a significant long position on SK Hynix (SKHX) on Hyperliquid faced repeated liquidations during the South Korean semiconductor market decline. The wallet address 0x4b2 initiated 2000 contracts worth approximately $3.24 million around $1620 on the evening of July 5th.

Between 9:00 and 13:00 on July 7th, the position underwent five forced liquidations with prices ranging from $1454.1 to $1382.7, totaling 1344.64 contracts. This resulted in a nominal value of approximately $1.916 million and a realized loss of $271,000. As of the report, the address holds 1152.758 SKHX long contracts valued at around $1.656 million, with a next liquidation price set at $1388.56.