Smart Money's First Short Position Earns $174.2K in 4 Hours

Chainthink

Release Time:

BTC

$59,642.601.14%

Summary

A decline in the Fear & Greed Index coincided with a sharp sell-off as a major smart money position initiated short bets on Micron, Hynix, SanDisk, Intel, and BTC. On-chain data shows the basket totaled over $34.9 million. Within four hours of the U.S. market open, the position generated $1.742 million in unrealized profits. This marks the first short trade from the same account that previously earned $4.15 million by going long on chipmakers.

ChainThink reports, according to on-chain analyst Aunt Ai, the smart money that previously profited $4.15 million from long positions in SK Hynix, Micron, and Intel has now turned bearish for the first time, initiating a basket of short positions in Micron, SK Hynix, SanDisk, Intel, and BTC around 17:30 today.

Total position exceeds $34.9 million. After U.S. equities opened, related assets declined sharply; this position realized an unrealized profit of $1.742 million approximately four hours after entry.

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