「Trader Loracle」 Sub-Account Shorting Micron and SanDisk Together Losing $5.4 Million

BlockBeats News, August 18, according to TradingBeats monitoring, after a sharp rise in SNDK, the largest short seller "Trader Loracle" currently holds about 17,200 SNDK shorts, with a position value of approximately $29.561 million, an average entry price of $1,475.1, a floating loss of approximately $4.208 million, and a return rate of about -166.0%. Despite the significant loss, this whale further added approximately $2.578 million in short positions from August 15 to 16;

In addition to Sandisk, this whale also heavily shorted about 10,500 shares of Micron Technology (MU) with 10x leverage, with a position value of approximately $10.343 million, an average entry price of $870.7, currently experiencing a floating loss of about $1.227 million, and a return rate of about -134.6%.

The whale's overall strategy is "long on precious metals, short on storage": their long position in gold is worth approximately $56.326 million, with an average price of $4,182.5, enjoying a floating profit of about $2.782 million; they also made a slight profit on copper contracts. However, the combined floating loss of approximately $5.435 million from the SNDK and MU short positions cannot be covered by the storage gains.

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