Hyperliquid: SK Hynix Short Flips From $13.5M Profit to Loss

Hyperliquid trader holding the largest SK Hynix short saw unrealized gains of $13.5 million evaporate within 24 hours, turning into a $740,000 floating loss after storage names rebounded 30% following an initial 30% drop. SK Hynix shares fell another 10% today after missing Q2 sales and profit targets, extending the prior session's 8% decline and amplifying perp position swings on the platform.