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A massive whale is adding to positions in the storage sector against the trend, going long on SK Hynix and Micron with $16.09 million.
BlockBeats news, July 6, according to ai9684xtpa monitoring, as Hynix continues to decline during trading, a whale opened a 3x long position on Hynix (SKHX) worth approximately $7.8 million half an hour ago, with an opening price of about $1,604. Currently holding approximately 5,095 contracts of exposure, and plans to add another approximately $6 million in position when the price drops to the $1,400 to $1,500 range.
At the same time, the account also holds a 4x long position on Micron (MU) worth approximately $8.3 million. Currently, the two long positions in the storage sector have a total floating loss of approximately $590k.