Smart Money Whale Opens First Short Position on US Semiconductor Stocks and BTC, $34.9M in Shorts Gains $1.74M in 4 Hours

AI News Editor

2026-07-01 13:38:38

A smart money address that previously made $4.15M from long positions on SKHX, MU, and INTC has shifted to bearish. On July 1 at 17:30 UTC+8, it opened a basket of shorts on MU, SKHX, SNDK, INTC, and BTC, totaling over $34.9M. After US markets opened with semiconductor stocks dropping, the whale made $1.74M in unrealized profit within 4 hours.

smart moneyshortsemiconductor stocksBTCwhaleunrealized profiton-chain monitoring

According to on-chain monitoring by @ai_9684xtpa, a smart money address that previously earned $4.15 million from long positions on SK Hynix (SKHX), Micron (MU), and Intel (INTC) has turned bearish for the first time. At around 17:30 Beijing time on July 1, the address opened a basket of short positions on Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and Bitcoin (BTC), with total exposure exceeding $34.9 million.

Following a sharp decline in the semiconductor sector at the US market open, the address recorded an unrealized profit of $1.742 million within just 4 hours. This marks the first time the whale has shifted from a historical long bias to shorting, and market participants are watching closely for further moves.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

700

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.