SKHYNIX Hyperliquid OI Hits $571M Amid 7% Drop and Record Earnings Miss

Derivatives activity surges as SK Hynix stock plunges 19.3% post-earnings. Hyperliquid leads with $571M open interest, while Binance sees $4.15B volume, signaling high leverage concentration.

Woofun AI data shows that SK Hynix derivatives markets experienced significant volatility following a 19.3% intraday stock decline, driven by Q2 2026 earnings that missed expectations despite record revenue of 79.32 trillion won. The SKHYNIX contract dropped approximately 7% in 24 hours, with Hyperliquid leading open interest at $571 million, followed by Binance at $501 million and OKX at $82.14 million.

Trading volume peaked on Binance at $4.15 billion, while Hyperliquid recorded $1.51 billion. For the SKHY contract, which fell 4-5%, Binance held the highest open interest at $115 million against Hyperliquid's $110 million. Funding rates on Lighter, OKX, and Hyperliquid remain elevated, indicating increased costs for long positions, while price spreads across major exchanges stayed below 0.01%, reflecting high synchronization.