A "smart money" investor has shifted to a long position in Micron, and SK Hynix, closing out short positions in SNDK, INTC, and BTC to make a heavy bet on these stocks.
Svmuu News: According to on-chain analyst Ai Yi, a “smart money” address that had previously accumulated profits of over $5.293 million from long and short trades in U.S. stocks has once again adjusted its portfolio, drawing market attention.In the early hours of today, after closing out a basket of short positions including $SNDK, $INTC, and $BTC, the account immediately shifted to a long position, opening approximately $8.38 million in long positions in Micron ($MU) and establishing approximately $1.99 million in long positions in SK Hynix ($SKHX).In addition, the account plans to further increase its position by approximately $7 million when SK Hynix pulls back to the 1,400–1,550 range, indicating a shift toward optimism regarding the short-term outlook for the memory chip sector.
Source:Odaily · Source Link
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