Hyperliquid whale opens large leveraged positions in SKHX, Micron and Bitcoin

Whale activity on Hyperliquid has broadened further, with a trader depositing 6.3 million USDC and opening a 3x leveraged short in HYPE alongside earlier large positions in SKHX, Micron-linked MU and Bitcoin. Onchain Lens, cited by Odaily, said the HYPE short totals 692,200 HYPE worth $49 million, with a $66.02 entry price and a $70.78 mark price, leaving the position with a floating loss of $3.3 million. The whale reportedly holds five positions worth $126.8 million in total and has cumulative historical profit of $4.39 million. That adds to previously reported activity in Hyperliquid's tokenized equity and crypto markets. Hyperinsight said on July 7 that an address starting with 0xebe held a 10x leveraged short in SK Hynix-linked SKHX worth about $17.502 million, which turned sharply profitable after South Korean stocks dropped at the open, while another address, 0x0ad, had earlier built large leveraged longs in SKHX and Micron-linked MU that were showing combined unrealized losses of roughly $667,000. Separate reports also described large Bitcoin longs of 600 BTC and 500 BTC, underscoring continued demand for concentrated leveraged exposure across Hyperliquid.