According to BlockBeats, on July 29, SK Hynix stated in its Q2 2026 earnings call that it is negotiating with major customers regarding the scale and price of HBM supply in 2027. The negotiations are progressing smoothly and are supported by strong customer demand, but specific customer contracts and pricing details will not be disclosed at this time.

SK Hynix stated that HBM pricing is not solely determined by traditional DRAM prices, but will also take into account factors such as wafers, advanced processes, TSVs, packaging, capacity investment, technological complexity, opportunity costs, and product value, and will negotiate pricing with customers on a case-by-case basis.

The company will leverage its advantages in technology, cost, mass production capabilities, and customer partnerships to maintain the steady profitability of its HBM business, and promote the continuous development of the AI ecosystem through product iteration and long-term cooperation to achieve long-term sustainable growth.

According to BlockBeats, on July 29th, Hyperinsight monitoring showed that SK Hynix's stock price continued to fall after the company released its earnings this morning. As of press time, the Hyperliquid Shanghai Hynix Korean stock-linked futures contract SKHX was trading at $969.93, a 24-hour decline of approximately 11.0%.

Less than an hour after the sharp drop, the platform saw five new, reopened, or reversed positions, all of which were long positions, totaling 8,419.75 units of SKHX, with a position value of approximately $8.167 million and a weighted average entry price of $981.15.

SKHX has now fallen below the overall cost line of the aforementioned whale, with all five long positions showing floating losses, totaling approximately $95,000. The most recent liquidation price was $930.62, about 4.1% below the current price.

Funding rates indicate a rapid influx of bargain-hunting funds. SKHX's hourly funding rate was -0.0855% at 7:00 AM this morning, but quickly turned positive after the earnings report was released, and the current real-time estimate has risen to 0.0373%.

At current rates, a $1 million long position would cost approximately $373 per hour to short sellers. Funding rates quickly turned positive, and long positions became noticeably crowded after the sharp drop, but prices have not yet stopped falling.

According to BlockBeats, on July 29th, Lookonchain monitoring showed that as the price of SKHX continued to fall, short-selling funds further increased their profits. Among them, a whale with an address starting with 0xEbE1 currently has a floating profit of over $10 million on its short SKHX position, and has also accumulated approximately $1.23 million in funding fees.