Storage whales collectively “defect”! $13.7 million in liquidated orders hits the sell-off—what shocking signals are hidden behind it?
When the tide goes out, you find out who’s swimming naked— and the whales’ resting orders are the first bugle call of the retreat.
With CPI landing and PPI looming, the storage sector collectively rebounded, but on Hyperliquid, the four major benchmarks suddenly showed more than $42 million in sell orders pressing down! Among them, “the king of storage” SNDK whale posted sell orders at $1,392 saying “only reducing positions,” planning to retreat by $5.46 million; SKHX whale even placed a $8.24 million top-escape order at $1,280—sitting on an unrealized loss of $0.94 million yet still choosing to exit.
My view: This is absolutely not a routine profit-taking—it’s “pre-emptive withdrawal.” The whales use the rebound’s liquidity to quietly place orders; once price touches, a chain reaction of selling pressure is triggered. If the PPI data adds further uncertainty, the storage sector could turn into a “bull trap.” On-chain data has already turned red—retail investors, don’t blindly chase the rally!
$SNDK $SKHY $MU #美国7月CPI与PPI数据本周出炉 #Solana质押因路由错误接近停机
When the tide goes out, you find out who’s swimming naked— and the whales’ resting orders are the first bugle call of the retreat.
With CPI landing and PPI looming, the storage sector collectively rebounded, but on Hyperliquid, the four major benchmarks suddenly showed more than $42 million in sell orders pressing down! Among them, “the king of storage” SNDK whale posted sell orders at $1,392 saying “only reducing positions,” planning to retreat by $5.46 million; SKHX whale even placed a $8.24 million top-escape order at $1,280—sitting on an unrealized loss of $0.94 million yet still choosing to exit.
My view: This is absolutely not a routine profit-taking—it’s “pre-emptive withdrawal.” The whales use the rebound’s liquidity to quietly place orders; once price touches, a chain reaction of selling pressure is triggered. If the PPI data adds further uncertainty, the storage sector could turn into a “bull trap.” On-chain data has already turned red—retail investors, don’t blindly chase the rally!
$SNDK $SKHY $MU #美国7月CPI与PPI数据本周出炉 #Solana质押因路由错误接近停机