The giant whale linked to the South Korean ETF with a heavy position of 5 million yuan was significantly retracted and its positions were briefly retracted to-83%

According to Hyperinsight monitoring, South Korea's stock index fell 6.7% today, triggering a circuit breaker mechanism. Affected by this, the EWY (iShares South Korea ETF Mapping Contract) deployed by Trade.xyz on the Hyperliquid platform fell sharply simultaneously, now at US$122.5, a 24-hour decline of 4.2%.<br /> EWY's largest long position on the chain (0x629) was the first to bear the brunt, with a short-term retreat of-83%, with a position of US$5.5 million, an average price of US$128.9, and a liquidation price of US$117.7, according to a liquidation of 4.1%.