An on-chain analysis reveals that the crypto address 0x0ad…c4cbf has initiated significant long positions in SKHX and MU, totaling $16.1 million. The address opened a 3x long position of 5,095.22 SKHX contracts, valued at $7.8 million, with an entry price of $1,604. Additionally, the address plans to invest another $6 million in SKHX within the $1,400 to $1,500 price range. Furthermore, the address holds an $8.3 million 4x long position in MU. Both positions, which are in the storage sector, currently reflect an unrealized loss of $590,000, according to on-chain analyst Ai Yi.