BlockBeats reported on Sept. 10, citing TradingBeats, that a wallet beginning with 0xc8b5 has spent the past two days setting take-profit plans for storage-related long positions after previously making nearly $11 million in profit on SK Hynix trades. The combined scale of those orders reached $34.708 million.
The orders include an earlier round of SK Hynix SKHX reduction sells and a new batch of Micron MU take-profit orders worth about $15.975 million.
SKHX orders remain in place
At 15:41 yesterday, the wallet placed 100 SKHX reduce-only sell orders between $1,450 and $1,500, totaling about 9,663.8 units worth roughly $14.254 million.
According to TradingBeats, those orders are still open and the size broadly covers the wallet’s entire SKHX long position.
MU take-profit range starts at $1,050
At 00:39 today, the address added another 100 MU reduce-only sell orders between $1,050 and $1,080, totaling 15,000 units worth $15.975 million.
With previously placed orders included, its MU reduction sells now total 186 orders across the $1,049 to $1,080 range, with a combined value of about $20.454 million. TradingBeats said that covers the wallet’s full 19,257.65-unit MU long position.
Current PnL and position details
MU was last indicated at about $1,023.2. The price would need to rebound around 2.5% to 5.6% to move into the wallet’s take-profit order band.
The wallet’s current SKHX long position is worth about $13.372 million, with unrealized profit of roughly $413,000. Its MU long position is worth about $19.704 million, with an average entry price of $1,037.19 and an unrealized loss of about $269,000.
An earlier Whale Watch update had said the same storage-sector smart-money trader planned to take profit on SK Hynix at $1,415.
BlockBeats also said TradingBeats, an on-chain perpetuals and address analysis tool, is now live with support for real-time Hyperliquid data and address-level whale activity tracking.