Hyperliquid whales swing to large SK Hynix short positions

Four major whale wallets on Hyperliquid, identified as 0x84ab, 0x269e, 0x2f9b and 0x4c78, shifted over the weekend into a combined $14.77 million short position in SK Hynix (SKHX). The move marked an about $15.83 million swing to the short side from a previous net long position of $1.04 million. The concentrated selling positions were built as SKHX rose 1.1% to $1,214.6 from $1,200.9 over the weekend. The four addresses have an average entry price of around $1,174.5 for their short positions and are currently sitting on about $487,000 in unrealized losses. Among SKHX positions worth more than $1 million, the long-to-short ratio by value currently stands at 0.71, implying a net short position of about $36.75 million. The four addresses account for 11.7% of all large short positions.