Two major whales open new $8.3 million MU short positions, possibly anticipating a further decline in stock price after earnings report
Glonghui, June 24｜According to Hyperinsight monitoring, with Micron's earnings report approaching, trading activity for the MU contract on the Hyperliquid platform has surged, with a 24-hour trading volume of approximately $459 million and total open interest valued at $195 million. According to BlockBeats' on-chain monitoring, Hyperinsight data shows that the contract price hit around $1,030 this morning before rebounding to $1,091. Overnight and this morning, two major on-chain short-selling whales successively opened MU short positions, with a combined scale reaching $8.3 million and an average entry price of about $1,071. They are currently experiencing slight unrealized losses, with the latest liquidation price set at $1,470. It is reported that these two addresses collectively hold $55.5 million in various U.S. equity short positions, with one of the addresses belonging to the well-known trader CBB.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese dovish policymaker urges "slow down": Price increases are not driven by demand, rate hikes may drag down the economy and inflation
Toichiro Asada, a member of the Bank of Japan's Policy Board, stated that the central bank needs to remain cautious and closely monitor the impact of rate hikes on the economy, as rising interest rates pose the risk of suppressing the inflation trend.
Don't Be Misled by "Instant Purchase, Instant Access": Pro Series Zero Wait Has Been the Norm for Years, UBS Maintains Apple (AAPL.US) Target Price at $340
The waiting time for iPhone 18 Pro is approaching zero, and Duo deliveries are scheduled until the end of January. UBS maintains its forecast for iPhone revenue in the December quarter at $95.1 billions, representing a year-on-year increase of 11.5%.
Nvidia's "black swan" shakes up AI faith! Jensen Huang's controversy draws in U.S. Treasury bond buying, long-term U.S. Treasuries rise against the trend
After a brief holiday break, the US Treasury market has resumed trading, with long-term US Treasury prices rising slightly. The recent turmoil surrounding Nvidia has caused doubts about the main AI trading narrative, prompting safe-haven buying into US Treasuries.
Crypto prices
More
