"On-chain investors" liquidated 70 million in cryptocurrency and precious metals positions, and shorted the US stock storage sector with a scale of 17 million.

GateNews
ETH-2,24%
SOL-2,7%
BTC-0,33%

BlockBeats News, February 12 — According to Coinbob’s popular address monitoring, “On-Chain Stock Investor” (0xfc66…) recently closed their previously held $40 million ETH/SOL exchange rate short position and $30 million on-chain gold-related long position.

After closing these positions, the address continued to increase holdings in U.S. stock storage sectors today, with the total short position now reaching $17.6 million. Their main holdings are as follows:

3x MU (Micron): approximately $10.3 million, average price $390, with an unrealized loss of about $860,000;

3x SNDK (SanDisk): approximately $7.3 million, average price $603, with an unrealized loss of about $430,000;

3x NVDA (Nvidia): approximately $6.97 million, average price $186, with an unrealized loss of about $180,000;

3x GOOGL (Google): approximately $4.91 million, average price $320, with an unrealized gain of about $120,000;

It is reported that this address has previously focused on on-chain derivatives trading of crypto assets and has been steadily reducing high-leverage ETH, BTC, and SOL short positions since January 8 this year. They are gradually increasing on-chain stock holdings, which have accumulated nearly $80 million in the past month, with recent partial funds returning to the crypto market.

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