A smart money wallet tracked for its storage-related trades, identified as 0xc8b5, closed three long positions overnight in Nvidia, SanDisk and SK Hynix, according to TradingBeats. The combined value of the exits reached about $63.7119 million. The wallet now holds no open positions, though no withdrawal has been made so far.
The unwind came during a pullback in AI hardware-linked contracts. Over the same 24-hour period, Nvidia, SanDisk and SK Hynix (SKHX) contracts fell about 1.86%, 3.70% and 3.84%, while Micron dropped about 3.16%.
The closed positions included roughly $31.8144 million in Nvidia longs, $19.7988 million in SanDisk longs and $12.0987 million in SK Hynix longs. Those three trades had previously shown combined unrealized gains of about $2.065 million. After the final close, realized profit came to about $123,300, meaning roughly $1.9417 million in prior gains was given back, or about 94% of the earlier floating profit.
BlockBeats reported on Oct. 9 that, according to TradingBeats monitoring, the smart money wallet 0xc8b5, which had been tracked for its storage-related trades, closed three long positions overnight in Nvidia, SanDisk and SK Hynix. The combined notional value of the exits was about $63.7119 million. The wallet now has no open positions, though it has not withdrawn funds so far.
The exit took place during a pullback in AI hardware-related contracts. Over the same 24-hour period, Nvidia, SanDisk and SK Hynix (SKHX) contracts fell about 1.86%, 3.70% and 3.84%, respectively. Micron was down about 3.16%.
The liquidation covered about $31.8144 million in Nvidia longs, $19.7988 million in SanDisk longs and $12.0987 million in SK Hynix longs. All three positions were fully closed.
Before the exit, the three trades had a combined unrealized profit of about $2.065 million. After the positions were closed, the wallet locked in about $123,300 in trading profit, giving back roughly $1.9417 million, or about 94% of the earlier floating gains.
On the news side, elevated oil prices and U.S. Treasury yields, along with concerns over financing costs for AI infrastructure, continued to weigh on sentiment in the technology and semiconductor sectors.
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