Smart Money Address Goes Short on US Stocks and BTC for the First Time, Nets $1.74M in 4 Hours

Smart Money Address Flips Bearish, $1.74M Profit in 4 Hours

According to on-chain monitoring by @ai_9684xtpa, a smart money address that previously earned $4.15 million from long positions on SKHX, MU, and INTC has initiated its first-ever short positions. Around 17:30 UTC+8, the address simultaneously opened short positions on Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and Bitcoin (BTC), with total holdings exceeding $34.9 million. Shortly after, the US stock market opened sharply lower, and within four hours (by 21:30), the address had accumulated $1.742 million in unrealized profits. This marks a decisive shift from the address's historically bullish stance to a coordinated bearish strategy across multiple equities and crypto, yielding substantial short-term returns.