BlockBeats reported on July 22 that, according to Hyperinsight monitoring, a newly emerged whale opened a 20x leveraged bullish position in Alphabet (GOOGL) ahead of the company’s earnings release.
The trader accumulated 6,700 GOOGL shares on the evening of July 20 at an average entry price of $356.2, for a total of about $2.3868 million. The position was built close to the stock’s recent intraday high. GOOGL then fell below the whale’s cost basis, and later that night the trader reduced the position by about 1,199 shares at an average price of $349.5, cutting roughly $419,000 in exposure and realizing a loss of $8,042.
At the time of publication, the whale still held about 5,501 shares valued at roughly $1.921 million. The remaining position was showing an unrealized loss of about $38,000, with a return of around -38.8%. The estimated liquidation price was about $274.6. The trader had also placed a reduce-only limit sell order at $394 to fully take profit, a level about 12.8% above the current market price.
Largest GOOGL holder is also long
Hyperinsight data shows the largest current GOOGL holder is also positioned on the long side. That position is worth $17.1 million and was opened on May 28 at an average price of $367. It is now showing a floating loss of about $890,000, or -52%.
GOOGL failed to join the semiconductor rebound
On the price side, GOOGL climbed as high as $357.1 at 15:00 yesterday before reversing lower. It was last trading around $349.2, down 2.2%. Over the same period, semiconductor names broadly rebounded, with MU up 5.4% and SKHY up 4.8%, while GOOGL did not participate in that move.
Alphabet earnings due after the bell on July 22
Alphabet is scheduled to report second-quarter earnings after the U.S. market closes on Wednesday, July 22, making it the first of the so-called “Magnificent Seven” to post results. Its earnings call is set for 04:30 Beijing time on July 23.
Market attention is centered on the delay of Gemini 3.5 Pro, whether the company can deliver returns on projected 2026 capital expenditure of about $180 billion to $190 billion, and whether Cloud and TPU sales can offset spending pressure.
Stock has returned to its April 29 level
Another point being watched is that GOOGL has now fallen back to its April 29 price level. On that date, Google said for the first time that TPUs, previously used mainly in-house and rented through the cloud, would begin external sales. After that announcement, GOOGL rose a cumulative 9.9% over two trading days. That entire gain has now been erased.