Korea's index drops sharply: the giant whale with a heavy position of 5 million in the on-chain Korean ETF experiences a significant decline, with 4.1% remaining before liquidation.

MarsBitNews · 2026-03-23T07:20:16+00:00

South Korea's stock index plummeted 6.7%, triggering the circuit breaker mechanism, causing EWY contracts on the Trade.xyz platform to decline 4.2%. The maximum long position drawdown reached -83%, with significant liquidation risk.

MarsBitNews

2026-03-23 07:20:16

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Mars Finance News, March 23 — According to Hyperinsight monitoring, the South Korean stock index plummeted 6.7% today, triggering the circuit breaker mechanism. As a result, Trade.xyz’s EWY (iShares South Korea ETF mapping contract) on the Hyperliquid platform also experienced a significant decline, currently trading at $122.5, down 4.2% over the past 24 hours. The largest on-chain long position holder of EWY (0x629) was hit hardest, with their position temporarily retreating to -83%. The position size is $5.5 million, with an average entry price of $128.9, a liquidation price of $117.7, and a liquidation rate of 4.1%.

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