According to TradingBeats, SanDisk will release its earnings report on August 6. On Hyperliquid, short positions among addresses holding over $1 million have increased by approximately $8.517 million, while long exposure has decreased by about $3.061 million. Four early long holders collectively reduced their net positions by approximately $11.111 million: address 0x1367… cut its position in half, 0x0ad9… holds approximately $5.193 million in longs, 0x364a… closed its position for a profit of about $173,000, and 0xdb09… retains approximately $6.228 million in longs. The largest short position, 0xefe…, holds approximately $10.015 million in shorts at an average entry price of $1,311.90. The SNDK perpetual contract is trading at $1,334.70, up approximately 8.4% in the last 24 hours, with a trading volume of about $491 million and an open interest value of approximately $126 million. The funding rate has turned to approximately -0.0026%.
SanDisk short position exceeds longs by $8.5M ahead of earnings
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Summary
SanDisk position trading shows a strong short bias ahead of the August 6 earnings report. Hyperliquid data reveals short positions exceed longs by $8.5 million. Four early long positions were reduced by a total of $11.1 million, with one address cutting its stake in half. The largest short position, held by 0xefe..., totals $10.015 million at an average entry price of $1,311.90. SNDK futures are trading at $1,334.70, up 8.4% in the past 24 hours, with $491 million in trading volume and $126 million in open interest. Position sizing remains critical as traders adjust ahead of the key event.
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