On June 30, according to Hyperinsight monitoring, Western Digital (WDC) surged in a single day, rising 11.86% in 24 hours on Hyperliquid, currently reporting at $654.68.



The price rally squeezed on-chain whales, with the "storage short main force" that previously shorted the storage chain across the board to the tune of $47.9 million yesterday taking a 10x leveraged short position at an average price of $642.35. The current position value is about $6.71 million, with a liquidation price of $673.41, only about 2.9% away from the current price.

Currently, the total large short position on the platform is about $6.7 million, which is 2.66 times the long position ($2.5 million); the long average price is about $645.22, and the short average price is about $642.35.

On the news front, Melius Research initiated coverage on Western Digital (WDCUS) with a "Buy" rating and a target price of $1,050; Cantor Fitzgerald maintained a "Buy" rating and raised its target price to $900, alongside the company's recent quarterly revenue exceeding expectations#0成本拿2股SK海力士 .
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