According to TradingBeats (formerly Hyperinsight), SNDK was trading at $1,240.1 on Aug. 6, down about 12.2% in 24 hours. Over the same period, open interest rose from about $135 million to $190 million, up roughly $54.78 million, or 40.6%. The hourly funding rate is about +0.00409%, indicating that fresh positions still favor longs. A wallet starting with 0xc8b, previously ranked No.1 on SKHX's long leaderboard, bought 12,527.6 SNDK contracts in about 20 minutes, worth roughly $15.557 million at a weighted average price of $1,241.9. As of press time, the address holds a 2x full-margin long position, with unrealized losses of about $22,000, a return of about -0.3%, and a liquidation price near $88. It is the day's largest new SNDK long, with no take-profit, stop-loss, or additional buy orders in place. Earlier, TradingBeats also reported a $19 million heavy position in Micron, and said smart money in the storage sector was preparing to exit other assets. HyperInsight Bot is live; adding @HyperInsightBot to a Telegram group as an administrator (with message permissions enabled) syncs on-chain updates automatically.
SNDK Open Interest Up 40.6% in 24 Hours
SNDK was trading at $1,240.1 on Aug. 6, down roughly 12.2% over the past 24 hours, according to TradingBeats (formerly Hyperinsight). Open interest has not followed the price move. Over the past day it rose from about $135 million to $190 million, an increase of roughly $54.78 million, or 40.6%.
Money has not left the market after the decline. Instead, positions were added after the earnings report. SNDK's hourly funding rate sits near +0.00409%, meaning the cost of new positions still leans long.
Wallet 0xc8b Buys 12,527.6 SNDK in 20 Minutes
The wallet starting with 0xc8b, previously ranked No.1 on SKHX's long leaderboard, returned to SNDK on the afternoon of Aug. 6. On-chain records show it bought 12,527.6 SNDK contracts in about 20 minutes, for roughly $15.557 million. The weighted average entry price was about $1,241.9, above the current market price.
As of press time, the address holds a 2x full-margin long in SNDK. Its unrealized loss is about $22,000, with a return near -0.3%. The liquidation price is around $88. It is the largest new SNDK long of the day. So far, the wallet has no take-profit, stop-loss, or additional buy orders.
Earlier Signal and Tool Update
Earlier, TradingBeats flagged a $19 million heavy position in Micron, while smart money in the storage sector was preparing to exit other holdings. The HyperInsight Bot is now live. Adding @HyperInsightBot to a Telegram group and setting it as an administrator (with permission to send messages) enables automatic on-chain updates.
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