SKHX Falls Nearly 15% as Three Large Longs Realize $887,000 in Losses

SKHX fell nearly 15% in 24 hours on Hyperliquid as three large long accounts closed about $3.881 million in positions and realized roughly $887,000 in losses.

SKHX traded at $939.46, about 12.88% below its level at the CPI release. One account closed a roughly $1.493 million long position with a $347,000 realized loss. A second account cut its position at a loss before the remainder was liquidated, bringing its cumulative loss to about $261,000. A third account had roughly $1.008 million in longs liquidated in batches and lost another $279,000. All three accounts now have no SKHX positions.

The hourly funding rate reversed from -0.08399% to +0.03080%, then rose to +0.03550%. About $5.09 million in potential long liquidations were concentrated near $888, around 5.5% below the quoted price.