Major short positions in Micron, SK Hynix, and DRAM lose $5.9M following earnings-driven rally

HuoXing Finance report: On June 25, according to Hyperinsight monitoring, major whales have aggressively taken short positions across the AI supply chain, with concentrated positions in Micron Technology, SK Hynix, and DRAM index shorts. Following Micron’s earnings report, which triggered a surge in the storage sector, all three short positions incurred significant unrealized losses: MU (4x leverage): $7.26 million position, average price $871, unrealized loss of $2 million; SK Hynix (SKHX) (4x leverage): $15.3 million position, average price $1,461, unrealized loss of $3.13 million; DRAM (4x leverage): $4.37 million position, average price $63.40, unrealized loss of $790,000. Total unrealized losses amount to approximately $5.92 million. Currently, MU, SKHX, and DRAM are up 11.5%, 10.6%, and 9.6% intraday, respectively. On-chain, major holders still maintain a net bearish stance, with short-to-long open interest ratios of 1.5x, 1.4x, and 1.75x, respectively. Average entry prices for large holders are as follows: MU: Long whales’ average entry ~$1,066, short whales’ average entry ~$894, current price $1,220; SKHX: Long and short average entries nearly aligned at ~$1,638, both below current price of $1,876; DRAM: Long whales’ average entry ~$68.50, short whales’ average entry ~$72.10, current price ~$78.30. Address: 0x4c78a97cef589b01bb91dbf893fffa14243d2444