Whale 1169 opens a long position, but shorts are still holding it down with more than $70 million. During earnings week, this volatility is enough to be a real handful.

CoinWorld News: As Micron’s earnings report week approaches, a major whale on-chain opened a new 10x leveraged MU long position on the HyperLiquid platform. The position value is approximately $10.57 million, with an average entry price of $1,169.1. Currently, MU’s 24-hour trading volume is about $62.43 million, up approximately 2.13% over the past 12 hours. At the same time, MU’s large positions remain bearish: short positions total about $72.84 million, while long positions are about $40.01 million—shorts are 1.82 times larger than longs.