Coin World News, as MU (Micron Technology) fell back above $1,000, four whales on the HyperLiquid platform have chosen to buy at a discount, opening a combined position of $7.54 million, with an average entry price of $1,044. The most recent position (0xfb29) was opened within the last 2 hours at an entry price of $1,036, and the current liquidation price is at $953.9. Despite whales entering against the trend, the overall on-chain order book has turned bearish, with the notional size of large short positions being approximately 1.91 times that of longs, and the average price for longs at about $1,034.45 and for shorts at about $993.65.

MU-4.44%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 1
  • Share
Comment
Add a comment
Add a comment
PixelUniverseCat
· 16h ago
HyperLiquid's whale buying the dip on MU looks brave, but short positions are 1.91 times longs, feels like the market is waiting for a bigger plunge.
View OriginalReply0
RefrigeratorMagnetContract
· 16h ago
MU dropped back above a thousand dollars, and the whales started making moves. But with the order book so clearly bearish, what are the odds of buying the dip?
View OriginalReply0
Miner'sHelmetUnderTheMoonlight
· 16h ago
A 7.54 million USD position sounds intimidating, but spread across 4 addresses, averaging less than 2 million each, it might just be a diversified trial and error.
View OriginalReply0
LiquidityLifeguard
· 16h ago
Short average entry price is 993, long is 1034—this $40 price gap suggests shorts opened earlier and with more comfort; now chasing longs feels a bit passive.
View OriginalReply0
GateUser-78b4adc8
· 17h ago
0xfb29 just opened a position about two hours ago—at a cost of 1036, it’s still a good chunk lower than the average price. Do you think 1000 can hold, or are you gambling on the earnings report?
View OriginalReply0
PermissionedFury
· 17h ago
1044 average price long, liquidation line at 953, the leverage is quite extreme, on-chain shorts are still pressing, cautiously optimistic.
View OriginalReply0
  • Pinned