「On-chain Investor」 Liquidates 70 Million Cryptocurrency and Precious Metal Position, Goes Short on US Stock Storage Sector with a $170 Million Scale

BlockBeats News, February 12th, according to Coinbob Popular Address Monitoring, the "On-chain Shareholder" (0xfc66...) has recently closed out a $40 million "ETH/SOL Exchange Rate" short position and a $30 million on-chain gold-related long position.

After the liquidation, the address has continued to increase its holdings in the U.S. stock storage sector today, with the total scale of related short positions reaching $17.6 million. Its main positions are as follows:

3x MU (Micron): Position size of about $10.3 million, average price $390, unrealized loss of about $860,000;

3x SNDK (SanDisk): Position size of about $7.3 million, average price $603, unrealized loss of about $430,000;

3x NVDA (NVIDIA): Position size of about $6.97 million, average price $186, unrealized loss of about $180,000;

3x GOOGL (Google): Position size of about $4.91 million, average price $320, unrealized gain of about $120,000;

It is reported that this address has been focusing on on-chain contract operations of crypto assets. Since January 8th this year, it has been continuously reducing leveraged ETH, BTC, and SOL short positions and gradually increasing its holdings in on-chain stocks. Its on-chain stock position has increased by nearly $80 million within a month, and it has recently returned some funds to the crypto market.