Smart Money Shorts US Semiconductor Stocks and BTC, Floats $1.742M in 4 Hours

According to on-chain analyst @ai_9684xtpa, a smart money address that previously profited $4.15 million by going long on SK Hynix (SKHX), Micron (MU), and Intel (INTC) has shifted to a bearish stance for the first time. Around 17:30 UTC today, the address opened a basket of short positions on Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and Bitcoin (BTC), with total position value exceeding $34.9 million. As U.S. stocks opened sharply lower, the short positions achieved an unrealized profit of $1.742 million within just four hours. This move marks a significant strategy shift for the well-known trader and signals a potential change in market sentiment toward these assets.