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Smart Money Address Opens $34.9M Short Position Across Micron, SK Hynix, Intel, and Bitcoin

GateNews
BTC2.30%

According to on-chain analyst @ai_9684xtpa, a smart money address opened a short position across Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and Bitcoin today afternoon, totaling $34.9 million in holdings.

Within four hours of the U.S. stock market decline, the position generated unrealized gains of $1.74 million, marking the address's first short trade after previously profiting $4.15 million through long positions in the same stocks.

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