BlockBeats News, July 31st, according to Hyperinsight monitoring, during the substantial rebound of SKHX today, a whale with an address starting with 0x890 was liquidated in a short position at 8:02 UTC, becoming the largest single liquidation on the entire network to date.

The data shows that the whale was forcibly closed out of 4892.6 SKHX short positions, with transaction prices ranging from $1126 to $1140, a liquidation price of approximately $1133.6, a total liquidation size of $5.547 million, and a position loss of about $0.866 million.

At the time of the liquidation, the SKHX mark price had already risen to $1146.5. Subsequently, the price continued to rise. As of the time of publication, SKHX was priced at $1152.5, a 23.4% intraday increase, with a 24-hour trading volume of approximately $1.558 billion and an open interest of about $451 million.

However, the whale did not exit due to the liquidation. Only 17 seconds after the original short position was cleared, the whale opened a new short position on SKHX.

Currently, the address holds a 10x leveraged short position of 770 SKHX, with a position value of approximately $0.887 million, an average entry price of $1147.8, an unrealized loss of about $3337, and a liquidation price of $1249.99. Compared to the liquidated short position, the new position size is smaller, but the trading direction remains the same.