SKHX Surge Triggers Today's Largest Liquidation; Short Whale Force-Liquidated for $5.54 Million, Then Shorts Again

TechFlow news, July 31, according to Hyperinsight monitoring, during SKHX's significant rebound today, a whale with an address starting with 0x890 encountered short position liquidation at 8:02, becoming the largest single liquidation across the network so far.

Data shows that 4892.6 SKHX short positions were forcibly closed in a short period, with transaction prices ranging between $1126 and $1140, liquidation price approximately $1133.6, liquidation volume reaching $5.547 million, and position loss approximately $866,000.

When the liquidation occurred, the SKHX mark price had already risen to $1146.5. Afterwards, the price continued to climb; as of press time, SKHX is trading at $1152.5, up 23.4% intraday, with 24-hour trading volume approximately $1.558 billion and open interest approximately $451 million.

However, this whale did not exit due to the liquidation. Only 17 seconds after the original short positions were wiped out, they reopened a short position on SKHX.

Currently, this address holds 770 SKHX short positions with 10x isolated margin, with a position value of approximately $887,000, average entry price of $1147.8, unrealized loss of approximately $3337, and liquidation price of $1249.99. Compared to the liquidated short positions, the new position size is reduced, but the trading direction remains unchanged.