According to BlockBeats, on July 2nd, based on Bitget market data, the Nikkei 225 index closed down 1741.81 points, a drop of 2.47%, at 68733.15 points.

South Korea's KOSPI index closed down 655.32 points, or 7.89%, at 7648.09, its lowest closing level since June 8.

SK Hynix shares closed down nearly 13%, and Samsung shares closed down nearly 9%.

According to BlockBeats, on July 2nd, Hyperinsight monitoring showed that as SK Hynix's stock price continued to decline, short positions in SKHX on Hyperliquid, including addresses such as (0xe1b, 0x890, and 0x4c7), were closed out to take profits, while long positions experienced significant stop-loss orders. Notably, a whale starting with 0x9dc closed out approximately $35.16 million worth of SKHX long positions, incurring a loss of approximately $4.42 million. This resulted in a surge in trading volume over the past 24 hours, with a 24-hour turnover of approximately $585 million.

As of press time, most of the large long positions in SKHX that bought the dip yesterday are now showing paper losses, with some highly leveraged long positions having lost more than their initial margin. One large long whale (0x4b2) began buying the dip yesterday and added to its long position about two hours ago after SKHX experienced a phased decline, at one point increasing its position to approximately $4.2 million. However, as SKHX continued to fall, this whale partially stopped its losses before the liquidation line to reduce the risk of being liquidated.

Currently, this address remains the closest long whale to the liquidation line on the blockchain, with its SKHX long positions showing a floating loss of approximately $380,000, a return of approximately -103%, and the latest liquidation line has moved down to approximately $1,351.

In addition, there are still several large SKHX long positions liquidated around $1,300 on the chain; if SKHX continues to decline, this area may become the next pressure zone for long liquidation.