A savvy trader who previously made $4.15 million by going long on Hynix, Micron, and Intel has opened a basket of short positions on Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and Bitcoin (BTC), with total holdings exceeding $34.9 million. As US stocks plunged at the open, the position has gained $1.742 million in unrealized profit within just four hours, marking the trader's first bearish move.
ChainCatcher News — According to on-chain analyst @ai_9684xtpa, a smart money address that previously earned $4.15 million from long positions on SK Hynix, Micron, and Intel has turned bearish for the first time.
At around 17:30 UTC+8 today, the address opened a basket of short positions on Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and Bitcoin (BTC), with total holdings exceeding $34.9 million. As US stock markets opened sharply lower, the position has already generated $1.742 million in unrealized profit within just four hours of opening.
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