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Trader closes chip-stock and Bitcoin short basket with more than $2.7 million profit

Trader closes chip-stock and Bitcoin short basket with more than $2.7 million profit

The smart-money account exited bearish positions in Micron, SK Hynix, SanDisk, Intel and Bitcoin early on July 3, lifting its reported 30-day profit to more than $5.293 million.

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Fact Check
The originating source, on-chain analyst @ai_9684xtpa, states in the X post (status 2072936381614318069) that the smart-money account closed its Micron, SK Hynix, SanDisk, Intel and Bitcoin short basket early on July 3 for cumulative profit exceeding $2.727M, lifting 30-day profit above $5.293M. The PANews article reproduces these exact figures. An earlier post confirms the account had opened these same shorts. Every element of the claim - the tickers, the July 3 timing, the >$2.7M basket profit, and the >$5.293M 30-day profit - matches the primary source. The figures are self-reported on-chain analytics, so the underlying trading data is not independently regulator-verified, but the reported claim faithfully reflects its cited source.
Summary

A trader who previously made about $4.15 million from long positions in SK Hynix, Micron and Intel has now fully closed a bearish basket spanning Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC) and Bitcoin, according to PANews citing on-chain analyst Ai Yi. The basket had originally been opened with more than $34.9 million in notional value around 17:30 before the U.S. stock market open and at one point showed about $1.742 million in floating profit within roughly four hours as the assets fell. After first closing SanDisk and Intel shorts worth $13.41 million for $448,000 in realized profit around 2:00 a.m. on July 2, the trader exited the remaining positions early on July 3. Ai Yi said the cumulative profit from the short basket exceeded $2.727 million, with the final Micron position closed just before a rebound. The trader's total reported profit over the past 30 days now exceeds $5.293 million.

Terms & Concepts
  • short basket: A grouped bearish trade made up of short positions across several assets.
  • notional value: The total face value used to measure the size of a position.
  • floating profit: An unrealized gain on a position that remains open.