BlockBeats News, August 6th, according to exclusive Pro data overlay by TradingBeats (formerly Hyperinsight) monitoring review: On August 4th, when SNDK rose by 8.4%, four early bulls collectively reduced their positions by approximately $11.11 million, with the number of million-dollar addresses, the amount, and the long-to-short ratio dropping to 0.75:1 and 0.72:1, respectively; meanwhile, the largest short continued to increase its position, and the 24-hour cumulative funding rate quickly turned negative.

On the eve of the financial report, this signal was further confirmed by address behavior: Address 0x0ad expressed willingness to only buy back at a price 12.2% lower than the current price after taking profit, while 0x0c4 sold the long position and initiated a short position of $4.79 million. In the 24 hours before the financial report was released, million-dollar long positions decreased by a net $3.945 million, while short positions increased by a net $21.923 million.

One of the tracked "Storage Champions" who took profit on SNDK before the financial report and planned to buy back at a lower price received the anticipated price drop.

Yesterday, this address sold approximately 3,890.8 SNDK at an average price of around $1,390 per token, realizing a profit of approximately $401,000, capturing about 8% of the price increase. Subsequently, a buy order of $7.5 million was placed below. The action expressed the judgment that by the time the price rose to $1,443.6 before the financial report, the market had already priced in more positive news.

This judgment was validated after the financial report. SanDisk's revenue reached $8.965 billion in the quarter, a 51% increase from the previous quarter, but SNDK still plummeted by about 11.8% in the hours before and after the financial report, now trading at $1,249.5.

From last night to this morning, the address made four staggered purchases: bought around $1 million at $1,401 per token; bought around $3 million at $1,301 per token; bought around $100,700 at $1,308.9 per token; and bought another $1 million at $1,251 per token.

As of the time of writing, the address is long 4,588.3 SNDK tokens with 1x leverage, with a position value of approximately $5.733 million, a weighted average entry price of $1,309.2, a current unrealized loss of around $274,000, and a return rate of approximately -4.6%.

The address still has a $5 million additional buy order at $1,201. If all executed, the position will increase to 8,751.5 tokens, with an overall buyback amount of approximately $11.007 million, expanding by 46.8% from the planned $7.5 million yesterday, and the estimated average entry price will decrease to around $1,257.7.

The completed transaction records show that since June 25th, the address has been profitable in all 11 major transactions conducted with MU and SNDK, with a total net gain of approximately $2.83 million; out of all 16 transactions, 14 were profitable, resulting in a total net gain of approximately $5.634 million.