$8.3 million short-position liquidation line set at 1470—by pulling the leverage this far, is HyperLiquid confidently betting on an earnings report blow-up, or is it just plain hedging? HyperLiquid’s US stock contract liquidity really has been improving.

CryptoWorld News: Two major on-chain whales have newly opened MU short positions totaling $8.3 million, expecting the share price to continue falling after Micron’s earnings report. As the earnings report approaches, trading activity for MU contracts on the HyperLiquid platform has surged significantly; the trading volume in the past 24 hours is about $459 million, with open interest reaching $195 million. Earlier this morning, the contract price rebounded after touching around $1,030 and is now at $1,091. The two whales’ average entry prices for their positions are about $1,071, and they are currently at a small unrealized loss; the most recent liquidation level is at $1,470. At present, the two addresses together hold $55.5 million in various US stock short positions, one of which belongs to well-known trader CBB.