TSM-linked on-chain derivatives rebounded on June 24 after monitoring data indicated Taiwan Semiconductor Manufacturing Co. may raise advanced-process foundry prices by 5% to 10% during a period of large-scale capacity expansion, alongside updates on AI chip progress. According to BlockBeats On-chain Detection, Susquehanna also raised its TSM target price to $575, supporting a recovery in TSM-related pricing.
Hyperliquid’s TSM contract was quoted at $446, up 1.2% over the past 12 hours. The contract had previously dipped to around $437.5, near the average on-chain cost basis for long positions, before rebounding above that level and returning overall long exposure to an unrealized profit zone.
The largest on-chain short whale holds a 3x leveraged TSM short position of about $1.13 million, with an average entry price of $414.28. The current mark price is about 7.7% above that cost basis, leaving the position with an unrealized loss of about $81,100, or roughly -20%, with a liquidation price at $559.37.
Other sizable on-chain positions in the same direction include about $3.28 million in short exposure, against roughly $1.37 million in opposing long positions.
The address associated with the largest short position is 0xe9ffe7698f46f96f980f2877e18c43f5b4165903.
TSM Contract Rises After Reported Foundry Price Increase During Expansion
2026-06-24 07:53:47
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