Who Liquidated Pre-CPI Leverage? $760 million Fund 'Votes' on Crypto and Tech, Saw Gains in Storage but Got Rekt

BlockBeats News, August 12th, according to TradingBeats (formerly Hyperinsight) monitoring, ahead of the U.S. July CPI data release, the total OI of the Hyperliquid market has rebounded from about $10.56 billion on Monday to $11.325 billion, an increase of about $765 million, or 7.2% over four days. Of this, the crypto market contributed about $583 million, with the HIP-3 market increasing by about $183 million.

Looking at the direction of the past 24 hours' increase in positions, the new leveraged positions are significantly concentrated in crypto and large-cap tech assets: ETH price rose by 0.7%, with OI increasing by about $86.51 million; BTC fell by 0.5%, with OI increasing by about $39.52 million. The combined trading volume of the two decreased by about 11% during the same period, but positions continued to expand.

Tech stocks exhibited a similar structure: PLTR only rose by 0.4%, but OI increased by about $29.47 million, a 253.2% increase; META rose by 0.9%, with OI increasing by about $23.8 million, a 37.2% increase; GOOGL fell by 3.1%, yet OI still increased by about $18.12 million, a 14% increase. In addition, the OI of NBIS and INTC increased by about $7.63 million and $5.8 million, respectively.

Indices: XYZ100 (Nasdaq 100), representing tech stocks, fell by about 0.5% in the past 3 days, with OI increasing by about $41.33 million, a 22.2% increase; the SP500 (S&P 500) had a similar change during the same period, but OI decreased by about $5.63 million. In the past 24 hours, both long and short positions in the SP500 at the million-dollar level withdrew over $7 million, with leverage on both ends contracting simultaneously.

In the storage sector: Although SKHX, MU, and SNDK rose by about 5.9%, 1.5%, and 4.5% respectively today, the combined OI of the three decreased by about $45.71 million; among million-dollar addresses, long positions collectively reduced by about $20.89 million, while short positions net replenished by about $32.10 million.

Large-cap tech stocks have already re-stacked positions even before the price has shown significant movement, while storage stocks have seen both long and short positions retreat simultaneously during the price rebound. Micron ADR is one of the few exceptions, with SKHY rising by about 5.8% today while OI increased by about $1.9 million, and a large long position net increased by about $3.42 million.

Other new positions are more dispersed. Brent crude oil saw a slight 0.5% decline in price in 24 hours, but OI still increased by about $16.9 million; the DRAM index rose by 4.5%, with OI increasing by about $6.49 million. However, compared to BTC, ETH, PLTR, META, GOOGL, and other targets, the scale of this incremental amount is limited; SPCX continues to cool down, with OI decreasing by about $25.17 million, a 9.9% decrease.

Note: The above fund flow is based solely on Hyperliquid Market OI and identifiable addresses, and does not represent the overall market fund allocation. Some institutions may also hold hedge positions on other trading platforms, spot, or traditional markets. Therefore, it serves only as a reference for local fund movements.