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High-leverage DRAM Index whale just $2.7 from liquidation, $5.19M in long positions on the brink of liquidation.

2 hours ago

According to Hyperinsight’s monitoring, the DRAM index tracking spot memory prices has corrected from its high amid spillover from South Korean storage sector sell-offs, falling around 6% in 4 hours and currently trading at $70.68. A large whale (0x7b5) on the Hyperliquid platform opened a position at the start of the month, entering a long position with 20x leverage and adding to it via rolling positions, resulting in its liquidation price hanging above the average entry price. The liquidation line stands at $68, only about 3.8% (roughly $2.7) away from the current price, with a position size of $5.2 million. Among on-chain large positions on the platform, the average entry price of long positions is around $70.12, while that of short positions is approximately $68.35. The notional size of short positions is roughly 2.35 times that of long positions, indicating an overall bearish sentiment. The largest short is the "Storage Chain Short Main Force" (0x4e23), which is shorting the entire storage chain (including Micron, SanDisk, and Western Digital). It holds a $14.29 million DRAM short position with 6x leverage (average entry price: $77.73, opened on June 24), with an unrealized profit of $1.47 million as of now.

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