Three Whales Reduce $7.26M in Long Positions Amid Tech Stock Sell-off

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Three whales closed $7.26M in long positions during a tech stock sell-off, shifting focus to a long-term crypto strategy. The address 0x960 closed $4.73M in Nasdaq 100 longs, while 0x943 unwound $1.5M in SKHX longs and initiated a $225,700 short position. The address 0x61c liquidated $1.03M in GOOGL longs, triggered by a stop-loss. At the time, SK Hynix, Google, and the Nasdaq 100 were down 5.8%, 4.2%, and 1.9%, respectively.

Odaily Planet Daily reports, according to Hyperinsight monitoring, within the noon hour, three large whales closed their long positions, with a total trading volume of approximately $7.2637 million, realizing a loss of about $79,800:

- Addresses starting with 0x960 liquidated 167.0 units of Nasdaq-100 futures across multiple orders, with a total trading volume of approximately $4.729 million and a loss of about $46,000;

- Address starting with 0x943 closed 1,248.3 SKHX long positions, with a turnover of approximately $1.502 million, resulting in a loss of about $18,000, followed by opening a short position of $225,700 in SKHX;

An address starting with 0x61c liquidated 3,262 GOOGL long positions, with a trading volume of approximately $1.032 million, resulting in a loss of about $14,000.

Of these, only the GOOGL position can be confirmed as triggered by a stop-loss order at $317; the rest were actively closed at a loss.

As of press time, SK Hynix, Google, and the Nasdaq 100 are down approximately 5.8%, 4.2%, and 1.9%, respectively.

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