DRAM Index High Leverage Whale Liquidation Imminent at Only $2.7, $5.19 Million Longs Close to Liquidation

BlockBeats News, June 29th, according to Hyperinsight Monitoring, the DRAM index reflecting spot memory prices experienced a high-level pullback as a result of a Korean storage sell-off overflow, dropping by approximately 6% in 4 hours and is now trading at $70.68.

A whale on the Hyperliquid platform (0x7b5) started accumulating positions at the beginning of the month, opened a long position with 20x leverage, continuously added to the position, causing the liquidation price to be below the average entry price. The liquidation price is at $68, only about 3.8% away from the current price (approximately $2.7), with a position size of $5.2 million.

Among the platform's large position holders, the average long position is around $70.12, and the short position is around $68.35. The nominal size of the short position is about 2.35 times that of the long position, indicating an overall bearish sentiment. The largest short position belongs to the "Storage Chain Short Leader" 0x4e23 (simultaneously shorting Micron, SanDisk, Western Digital), holding a $14.29 million DRAM short position with 6x leverage (entry price $77.73, established on June 24th), currently sitting on a floating profit of $1.47 million.

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