A prominent 'smart money' investor, known for previously earning $4.15 million from long positions in SK Hynix, Micron, and Intel, has shifted to a bearish stance. On July 1, the investor opened significant short positions on semiconductor stocks and Bitcoin, totaling over $34.9 million. Initiated just before the U.S. stock market opened, these positions included Micron, SK Hynix, SanDisk, Intel, and Bitcoin. As the market declined, the investor's short positions achieved unrealized profits of approximately $1.742 million within four hours.
Smart Money Investor Nets $1.742M in Four Hours with Semiconductor and Bitcoin Shorts
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