「Whale Watching」 Micron Returns to $1000 to Break Even Top 1 Long Position, Places 10.36M Sell Order Planning to Liquidate Exit

BlockBeats News, July 15th, according to Hyperinsight Monitoring, the whale with the address starting with 0x0ad, who previously bet on the semiconductor rebound, has recently increased its long position in Micron Technology (MU) to 9,984.704 shares, expanding by about 96% from before, becoming the largest long position in MU on Hyperliquid.

However, the whale has no intention to continue chasing the rise. Two take-profit sell orders have all been placed above the cost line, planning to exit at breakeven. The whale currently holds about $9.949 million in MU long positions at 3x leverage, with an average entry price of $1005.134. After MU returned to $1000 during today's trading and then slightly fell to $996.325, the position, after a short-term breakout, still has an unrealized loss of about $87,000 (-2.6%).

The pending orders show that the whale plans to unwind the position above the cost line in two parts:

A sell order of 4,984.704 shares at $1036, amounting to approximately $5.164 million;

A sell order of 5,000 shares at $1038.5, amounting to approximately $5.193 million.

The two sell orders total 9,984.704 shares, around $10.357 million, exactly covering the entire MU long position. If all orders are executed, the address will exit the loss above the cost line and realize a profit of about $321,000 based on the order price.

On the long side, another whale with the address starting with 0x364 and a MU long position in the million-dollar range has adopted a similar arrangement. Its position is about $1.023 million, with an average entry price of $980.861. It has placed a take-profit sell order covering the entire position at $1,039. Both are targeting $1,040 as the profit-taking level for this rebound.

Previous News: "Whale Discovery" SK Hynix's Largest Long Position Invested $2.7 Million, Facing a $370,000 Unrealized Loss

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