Micron Hits Record High in Earnings Report, Then Drops 9.6%; Major Whale Buyer $15 Away from Liquidation

BlockBeats News, June 26th, according to Hyperinsight Monitoring, following a record-breaking earnings report-driven surge, Micron (MU) saw a high-level retreat in response to the PCE inflation exceeding expectations, causing a risk-off sentiment. It fell by about 9.6% from yesterday's high of $1255, experienced an intraday needle drop, continued to decline in the overnight session, and is now trading at $1128 on Hyperliquid, down 6.9% in 24 hours.

The on-chain whales remain heavily bearish, with the total nominal size of short positions around $95.24 million, 1.76 times that of long positions ($54.24 million). In terms of entry cost, the average long position is around $958.74, and the short position is around $972.94. The current price is still higher than both, indicating longs in unrealized profit and shorts deeply underwater.

As the price dropped, the pressure from long liquidation sharply increased, with the most recent long liquidation line approaching $1114.21, about 2.9% below the current price. The whale long (0x9e2c) went long on 5000 MU contracts with 10x leverage, equivalent to about $5.6 million, at an average price of $1215, with a liquidation price of $1114, less than $15 away from the current price.

In contrast, the recent short liquidation line is at $1427.77, about 24.4% above the current price, indicating relative safety. The largest short position shorted at $774.99 with 10x leverage, holding about $15.92 million, still deep in unrealized losses of $5.17 million.

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