A $130k unrealized loss on this position is nothing to a big shot, but the signal to reduce holdings is more worth noting than the number itself. Where are we in the chip cycle?

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CoinNetwork
CryptoWorld News reports that trader yixie stated on Chain Wall Street Express that he has reduced his long position in MU by 2,638.91 units, approximately $1,895,548.71.
The current position size is $6,452,407.23, with an average price of $749.82.
The current profit and loss is -$134,264.38 (-6.52%), with the current price at $734.54 and the liquidation price at $526.35.
Since April, yixie has been building long positions in MU and SNDK on the HyperLiquid platform.
During the May rally, he became the biggest beneficiary in the on-chain semiconductor sector, with a monthly profit of $7 million, and the largest long position in AMD.
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