3 whales cut losses of $7.26 million on long positions, tech stocks continue to slump, driving out bulls

According to Hyperinsight monitoring, during the midday hour, a total of 3 whales sold off their original long positions, with a combined transaction value of approximately $7.2637 million, realizing a loss of about $79,800:

- Address starting with 0x960 liquidated 167.0 positions long on the Nasdaq 100, with a transaction value of about $4.729 million, incurring a loss of approximately $46,000;

- Address starting with 0x943 liquidated 1,248.3 positions long on SKHX, with a transaction value of about $1.502 million, incurring a loss of approximately $18,000, subsequently opening a short position of $225,700 on SKHX;

- Address starting with 0x61c liquidated 3,262.0 positions long on GOOGL, with a transaction value of about $1.032 million, incurring a loss of approximately $14,000.

Of these, only the GOOGL position can be confirmed as triggered by a stop-loss order at $317, with the rest being active loss-closing trades.

As of press time, SK Hynix, Google, and the Nasdaq 100 have fallen by approximately 5.8%, 4.2%, and 1.9%, respectively.