SK Hynix Soars 17% from Low, SKHX Trading Volume on Hyperliquid Surpasses $880 million

BlockBeats News, July 3rd, according to Hyperinsight monitoring, an exchange's stock price has seen a significant rebound from this morning's low point, surging as much as 17%. On Hyperliquid, SKHX is currently trading at $1571, with a 10% increase in the past 24 hours. The trading activity has experienced a rollercoaster ride, with inflow of bargain-hunting funds and passive liquidation of large stop-loss orders. The 24-hour trading volume has soared to $880 million, but the open interest has dropped to $250 million, experiencing a quick drop of $25.5 million in the past hour.

Currently, the on-chain funding rate still leans towards bearish sentiment. The largest position opened in the past 24 hours was a $5.02 million long position entered with 10x leverage at an average price of $1558 and a liquidation price of $1443.