Super Micro’s upwardly revised earnings drive Dell’s rally, as the largest on-chain long holder of DELL tokens cuts their position by nearly half.

Super Micro Computer raised its preliminary quarterly revenue and gross margin guidance, driving Dell (DELL)’s post-market share price to rise around 6% at one point. According to TradingBeats monitoring, the largest DELL long position holder, who had been averaging down during the prior decline, reduced their position by roughly $960,000 in the early hours of today amid the current rebound, nearly half of their original holding. The total loss on the reduced position was around $6,300, exiting nearly at break-even. Currently, the whale still holds 2,200 DELL long contracts, with a position value of approximately $1.08 million, an average entry price of around $482, uses 4x isolated margin leverage, and has an unrealized profit of about $17,000 on the remaining position.