Two Whale Entities Open $8.3 Million Short Position on MU, Anticipating Further Price Drop After Earnings Report

BlockBeats News, June 24th, according to Hyperinsight monitoring, as Micron's earnings report approaches, the trading activity of the MU contract on the Hyperliquid platform has significantly increased. The 24-hour trading volume is approximately $459 million, with an open interest of $195 million. The contract price touched near $1030 early this morning and rebounded, currently trading at $1091.

Last night and this morning, two on-chain whales successively opened MU short positions, with a total scale of $8.3 million. The average entry price is around $1071, with a slight unrealized loss at the moment. The recent liquidation price is located at $1470. Currently, the two addresses hold a total of $55.5 million in various US stock short positions, with one address belonging to the well-known trader CBB.

Address: 0xda3768e9299e1fd81708ec030dac5ea37125f7b5

Address: 0x49e96e255ba418d08e66c35b588e2f2f3766e1d0