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A smart money opened a long position of $8.4 million in MU, becoming the largest long bull on-chain for Micron.
Shenchao TechFlow News, July 03—According to Hyperinsight monitoring, over the past 2 hours, a recently created address (0x0ad9) went long on 8,205.3 MU (Micron Technology) with 4x leverage. The position size reached $8.4 million, and the average opening price was $1,036.8. It is currently showing a slight floating loss. In addition, the same address also simultaneously opened a long position on SKHX worth $2 million, with an average price of $1,597.
It is reported that the address was created in June, with on-paper funds of approximately $10 million. Over the past two weeks, in late June it went long on the semiconductor sector and made profits. Then, in the last two days, it completed a round of opening-and-closing short positions. During the process, it maintained a flat (no position) state at one point while waiting. Over those two weeks, its cumulative profits have already exceeded $5.3 million.