TSMC's Advanced Process Node Price Hike Expectation Grows, TSM Price Rebounds After Touching On-Chain Long Position Cost Average

BlockBeats News, June 24th, according to Hyperinsight monitoring, TSMC is reportedly planning to raise prices for advanced process node foundry by 5% to 10% during the large-scale expansion and has disclosed the latest progress on AI chips; Susquehanna today synchronously raised TSMC's target price to $575, boosting TSMC's stock price. The Hyperliquid platform's TSM contract is currently at $446, up 1.2% in the last 12 hours.

TSMC had previously dropped to near the on-chain long average entry cost line at $437.5, then rebounded, pushing the price above the cost line, bringing the overall long position back into profit-taking territory.

The largest on-chain TSM short whale holds a 3x leveraged TSM short position, with a scale of approximately $1.13 million, an entry average of $414.28, and the current marked price is about 7.7% above its cost line, with a floating loss of about $81,100 (-20%), and a liquidation price of $559.37. On-chain high-value positions with short positions in the same direction are around $3.28 million, with long positions on the counterparty side about $1.37 million.

Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903