On-chain analyst Ai Yi said the Micron position was closed across two addresses in the past half hour for a $2.953 million profit before Beaumont rotated into a leveraged Nvidia bearish bet.
Trader Beaumont closed a combined $28.95 million short position in Micron across two addresses in the past half hour, locking in total profit of $2.953 million, according to on-chain analyst Ai Yi as cited by Odaily. After exiting that trade, Beaumont opened a new $29.417 million 2x short on Nvidia at an entry price of $193.15, signaling a rapid shift from one semiconductor bearish position to another. A short position is a wager that an asset's price will fall, while 2x leverage means the exposure is amplified relative to the capital posted.