BlockBeats News, July 24th. A whale has completed 4 rounds of Micron Technology heavy position trading since creating the position two days ago, realizing profits and exiting with a total profit of approximately $2.28 million. The whale accurately captured the current semiconductor rebound upswing with a contrarian trading strategy.

At noon today, the whale entered the market again and subsequently kept adding to the position. As of the time of writing, the whale holds a 3x leveraged position of 25,961 long contracts of MU, with a position value of approximately $25.251 million and an average entry price of $973.6.

Micron is currently trading at around $972.65, resulting in a slight loss of approximately $26,000 (-0.31%) for this position; the liquidation price is about $368.76. There are currently no outstanding orders. This is the 5th Micron trading round since the creation of this address.

In terms of news, next week, Samsung, SK Hynix, and Kioxia, the three storage giants, will announce their latest financial results. These financial reports will also serve as a litmus test for the giants' profit-taking ability in this market cycle.

Address: 0xC8b527864ef2AD6DC49de7e99943a3a76aD48891

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