1 savvy investor opened a $8.4 million long position in MU, becoming the largest on-chain bull for Micron Technology.
BlockBeats News, July 3rd, according to Hyperinsight monitoring, in the past 2 hours, a recently established address (0x0ad9) has taken a 4x long position on 8,205.3 shares of MU (Micron Technology), with a position size of $8.4 million, and an entry price of $1,036.8, currently slightly underwater. Additionally, the address has also opened a $2 million long position on SKHX, with an average price of $1,597.
It is reported that this address was created in June with a fund size of around $10 million. Over the past two weeks, in late June, it had taken a long position in the semiconductor sector and made a profit. Subsequently, it completed a round of short positions in the last two days, at one point maintaining a short position while waiting. The accumulated profit in the past two weeks has exceeded $5.3 million.
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.
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