Woofun AI reports that SK Hynix (SKHX) rallied 11% before pulling back to $1423, triggering significant position adjustments on Hyperliquid. Within a thirty-minute window, two large traders liquidated approximately $4.95 million in long positions established during overnight lows.

One wallet, identified by the prefix 0x1cb, closed 2,362 long contracts at an average price of $1,438, totaling roughly $3.4 million. This entity subsequently reversed strategy to open a $1.63 million short position with 10x leverage at $1,457. The trade currently shows an unrealized profit of $51,000, representing a 23% gain, with a liquidation threshold set at $1,529.