Whale Closes $46M Long Positions in Tesla and Semiconductors, Shifts to Google

iconKuCoinFlash
Share
AI summary iconSummary
Whale activity indicates a major shift, as a large account closed $46.3 million in long positions on Tesla, DRAM index, and SOXL, according to TradingBeats. The funds were reallocated into a $44.4 million long position on GOOGL at an average price of $345.865, with a floating loss of $188K and a liquidation price at $331.03. The whale also maintains a $1.22 million long position in Amazon. Key support and resistance levels will be critical in determining the next move.
ME AI message, according to TradingBeats monitoring, a whale liquidated long positions in Tesla, DRAM index, and the 3x leveraged semiconductor ETF SOXL last night, totaling approximately $46.317 million. Subsequently, the account established a long position in Google (GOOGL) worth approximately $44.393 million, indicating a clear shift in positioning toward Google.

Its average entry price is approximately $345.865, with an unrealized loss of about $188,000 and a liquidation price of $331.03; it also holds approximately $1.223 million in Amazon long positions.

(Source: BlockBeats)
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.