Trading activity in the MU contract on Hyperliquid rose sharply ahead of Micron’s upcoming earnings report, with about $459 million in 24-hour volume and $195 million in open interest.
According to BlockBeats On-chain Detection, Hyperinsight monitoring showed the contract price touched around $1,030 early today before rebounding to $1,091.
Overnight and into the morning, two major on-chain whale traders opened MU short positions totaling about $8.3 million, with an average entry price near $1,071. The positions were showing a small unrealized loss, and the nearest liquidation level was around $1,470.
The two addresses together reportedly hold $55.5 million in various U.S. stock short positions, including one address linked to a well-known trader identified as CBB.
The addresses cited were 0xda3768e9299e1fd81708ec030dac5ea37125f7b5 and 0x49e96e255ba418d08e66c35b588e2f2f3766e1d0.
Hyperliquid’s MU Contract Trading Surges Ahead Of Micron Earnings, On-Chain Whales Open Short Positions
2026-06-24 02:25:09
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