4 Whale Investors Buy the Dip in MU, Establishing Positions at an Average Price of $1044

BlockBeats News, July 2nd, according to Hyperinsight Monitoring, with MU (Micron Technology) falling below $1000 again, 4 whales on the Hyperliquid platform have chosen to buy the dip at a discount, with a total position of $7.54 million opened, and an overall average entry price of $1044. The most recent entry (0xfb29) occurred within 2 hours at an entry price of $1036, with the recent liquidation price at $953.9.

Despite the contra whale entries, the on-chain overall order book has turned bearish, with the large short position size about 1.91 times that of the longs; the long average price is around $1034.45, and the short average price is around $993.65.

In terms of news, tonight's non-farm payroll data is coming, increasing risk aversion sentiment; coupled with the semiconductor sector's sharp decline triggered by Meta Compute, the recent DRAM price manipulation collective lawsuit, concerns about a supply glut in the sector due to South Korea's $51.8 billion expansion plan, and MU's profit-taking after a 268% increase this year, which has continued to put pressure on the stock price.

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