Shares recovered 17% from the morning low as SKHX traded at $1,571 on Hyperliquid, with $880 million in volume, $250 million in open interest and broadly bearish funding.
SK Hynix rebounded 17% from its morning low on July 3 after briefly sliding below $1,400 to around $1,350 on Hyperliquid, where the SKHX contract was later quoted at $1,571, up 10% over 24 hours. Trading activity accelerated, with volume rising to $880 million, while open interest fell to $250 million and funding remained broadly bearish, suggesting traders were still positioned cautiously despite the recovery. Hyperinsight had earlier flagged a “smart money” address, 0x9a5, building a roughly $2.06 million 10x leveraged long near a blended $1,413 entry. It also said the largest new position in the past 24 hours was a separate $5.02 million 10x long opened at $1,558, with a liquidation price of $1,443.