Micron Shares Retreat After PCE-Driven Risk-Off Move, Raising Long Liquidation Risk on Hyperliquid

Micron (MU) pulled back sharply after a surge driven by record financial results, as risk-off sentiment intensified following a higher-than-expected PCE inflation reading. According to BlockBeats On-chain Detection, Hyperinsight monitoring showed MU fell about 9.6% from an overnight high near $1,255, with a sharp intraday drop and further declines in overnight trading; MU was quoted around $1,128 on Hyperliquid, down 6.9% over the past 24 hours.

On-chain whale positioning remained heavily bearish, with total short notional size at about $95.24 million, roughly 1.76 times the long notional size of about $54.24 million. Based on entry costs, the overall average price for longs was about $958.74, while shorts averaged about $972.94; the current price remained above both, leaving longs in unrealized profit and shorts in deeper unrealized losses.

As prices retreated, liquidation pressure on long positions increased. The nearest long liquidation level moved up to about $1,114.21, roughly 2.9% below the current price. One long whale address (0x9e2c) held a 10x leveraged long position of 5,000 MU contracts, with a notional size of about $5.6 million, an average entry price of $1,215, and a liquidation price near $1,114—less than $15 below the current quote.

By comparison, the nearest short liquidation level was around $1,427.77, about 24.4% above the current price. The largest short position was opened with 10x leverage at $774.99, with a position size of about $15.92 million and an unrealized loss of about $5.17 million.