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How Far Can the Rebound Go After the Sharp Decline? Storage Giant Posts $20 Million Long Position, SanDisk Sets Profit-Taking Level
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BlockBeats News, July 29th: Amid a rebound in the market after today's sharp decline, the previously tracked "U.S. stock market winner" whale is still heavily long on Micron Technology and SanDisk. They are currently the largest long positions in on-chain Micron Technology and SanDisk, with a total of approximately $34.397 million invested. The net unrealized loss is about $0.698 million.

Their current positions are as follows:

10x Micron Technology (MU): Size approximately $10.555 million, average price $798.1, unrealized profit $0.07 million, return rate approximately 6.7%;

6x SanDisk (SNDK): Size approximately $23.841 million, average price $1095.1, unrealized loss $0.768 million, return rate approximately -18.7%, liquidation price approximately $822.3.

The whale has already set up rebound sell ranges for the two positions in batches, and their limit order prices have to some extent revealed their expectations for this round of rebound.

Specifically, the Micron sell orders are distributed between $826.8 and $860, totaling approximately $3.452 million; SanDisk sell orders are distributed between $1140 and $1227, totaling approximately $18.815 million. The highest sell price for Micron is about 7.8% higher than their average entry price, while the highest sell price for SanDisk is about 12.0% higher than the entry price.

Based on the current positions and the number of limit orders, even if all current sell orders are executed, the whale will not reverse to a short position. They will still retain approximately $7.284 million in Micron long positions and $7.096 million in SanDisk long positions, with a remaining long exposure of approximately $14.38 million.

The whale is reducing position risk during the rebound but has not given up on betting on the future recovery of Micron and SanDisk's prices.

Address: 0x4e23288cee4960f9f962195c22948e4bc7ae20c3

Previous news: "U.S. Stock Market Winner" Just Locked in $6.57 Million, Next Round $58 Million New Orders to Take Profit and Scalping Entry Points

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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