Whale’s Leveraged Shorts on AI Supply Chain Assets Show Losses After Memory Sector Rally

A whale known for shorting into price strength has taken broad short positions across AI supply chain-related assets, with main exposure concentrated in Micron Technology, SK Hynix, and a DRAM index short. According to BlockBeats On-chain Detection, Hyperinsight monitoring showed the memory sector surged after Micron’s earnings, pushing three leveraged shorts into significant unrealized losses.

The Micron (MU) short used 4x leverage with a position size of $7.26 million at an average entry price of $871, showing an unrealized loss of $2.00 million. The SK Hynix (SKHX) short, also at 4x leverage, totaled $15.30 million with an average entry of $1,461 and an unrealized loss of $3.13 million. A DRAM index short at 4x leverage totaled $4.37 million with an average entry of $63.4 and an unrealized loss of $790,000.

Combined unrealized losses across the three shorts were about $5.92 million. Intraday, MU, SKHX, and DRAM were up 11.5%, 10.6%, and 9.6%, respectively.

On-chain data indicated large holders still maintained a bearish tilt across the three assets, with short-to-long notional ratios of 1.5x for MU, 1.4x for SKHX, and 1.75x for DRAM.

Average entry costs for large-position holders were reported as follows: for MU, long whales averaged about $1,066 while short whales averaged about $894, with the current price at $1,220. For SKHX, long and short whale averages were nearly the same around $1,638, both below the current price of $1,876. For DRAM, long whales averaged about $68.5 and short whales about $72.1, with the current price around $78.3.