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Two Major Whales Open $8.3 Million MU Short Position, Anticipating Continued Stock Price Decline Post-Earnings Report

On June 24, according to monitoring by Hyperinsight, as Micron's earnings report approaches, trading activity for MU contracts on the Hyperliquid platform has significantly increased, with a 24-hour trading volume of approximately $459 million and a total open interest value of $195 million. On-chain detection by BlockBeats indicates that this morning the contract price reached about $1,030 before rebounding to $1,091. Last night and this morning, two major on-chain whales opened MU short positions totaling $8.3 million, with an average entry price of about $1,071, currently facing a slight unrealized loss, and the recent liquidation line is at $1,470. It is reported that the two addresses currently hold a total of $55.5 million in various U.S. stock short positions, one of which belongs to the well-known trader CBB.

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