Smart Money Address Sees $1.8M in Unrealized Losses as MU and SKHX Decline

MU-1.19%
SKHYV-0.98%
According to on-chain analyst Ai Yi, a smart money address that previously generated over $5.29 million in profits through dual-directional positions in U.S. equities has begun taking losses as SK Hynix (SKHX) fell over 9.6%. The address currently holds two leveraged long positions: a 2x long on Micron Technology (MU) with $9.41 million notional value incurring $620,000 in unrealized losses, and a 2x long on SKHX with $8.85 million notional value down $1.18 million. Combined unrealized losses on the two positions now total $1.8 million.
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