A smart money investor, identified by the address starting with 0xa2, has closed multiple short positions on tech stocks including Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and Bitcoin (BTC), securing profits exceeding $2.72 million. This follows a strategic shift on July 1, where the investor initiated short positions with total holdings surpassing $34.9 million.
Previously, the same investor had gained $4.15 million by going long on the same stocks. Over the past 30 days, the investor's combined profits from both long and short operations have exceeded $5.293 million, according to on-chain analyst Ai Yi.
Smart Money Nets $2.72M in Profits from Short Positions on Tech Stocks
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