Huo Xing Cai Jing reports, according to AI Aunt, the "smart money" that previously profited approximately $4.15 million by going long on SKHX, MU, and INTC has now made its first significant short position in semiconductors and Bitcoin. Approximately 17:30, prior to the opening of U.S. markets, it initiated a basket of short positions on Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and BTC, with a total notional position exceeding approximately $34.9 million. As the related assets declined following the U.S. market open, this short position has already realized a paper profit of approximately $1.742 million within four hours.
Smart money takes short position on semiconductors and Bitcoin, earning $1.74M in 4 hours
MarsBitShare
Summary
A smart money address, previously known for a $4.15 million long position on SKHX, MU, and INTC, has now opened a significant short position on semiconductors and Bitcoin. The position, with a notional value exceeding $34.9 million, included MU, SKHX, SNDK, INTC, and BTC. Opened at approximately 17:30 prior to the U.S. market open, the trade generated a $1.74 million floating profit within four hours as prices declined. Position sizing was critical to the rapid gains.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.