ME News reports that, as of July 24 (UTC+8), according to Hyperinsight monitoring, SK Hynix, Google, and the Nasdaq 100 have declined by approximately 5.8%, 4.2%, and 1.9%, respectively. Within the midday hour, three whales closed their existing long positions, with a total traded value of approximately $7.26 million and realized losses totaling about $79,800: - An address starting with 0x960 liquidated 167.0 Nasdaq 100 long contracts, with a traded value of approximately $4.729 million, incurring a loss of about $46,000; - An address starting with 0x943 liquidated 1,248.3 SKHX long contracts, with a traded value of approximately $1.502 million, incurring a loss of about $18,000, followed by opening a short position worth $225,700 in SKHX; - An address starting with 0x61c liquidated 3,262.0 GOOGL long contracts, with a traded value of approximately $1.032 million, incurring a loss of about $14,000. Only the GOOGL trade was confirmed to have been triggered by a stop-loss order at $317; the others were actively closed at a loss. (Source: BlockBeats)
Three whale addresses liquidated $726K in long positions amid the tech stock sell-off.
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Summary
On July 24 (UTC+8), as tech stocks continued to decline, whale activity saw three major addresses close $726.37 million in long positions. Address 0x960 liquidated 167.0 Nasdaq 100 longs for $4.729 million, incurring a $46,000 loss; address 0x943 closed 1,248.3 SKHX longs for $1.502 million, with an $18,000 loss, and initiated a short position of $225,700 in SKHX; address 0x61c liquidated 3,262.0 GOOGL longs for $1.032 million, resulting in a $14,000 loss. Only the GOOGL trade was triggered by a stop-loss at $317, while the others were active liquidations. These actions indicate a growing shift toward value investing in crypto amid market volatility.
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