Whales Build Long Positions in MU on Hyperliquid as Large Traders Turn Bullish

Four whale accounts opened long positions in Micron Technology (MU) on Hyperliquid on June 29, while only one large trader established a short position, indicating a broadly bullish tilt among large funds. According to BlockBeats On-chain Detection, Hyperinsight monitoring showed that three addresses built positions almost simultaneously in the afternoon. On-chain data indicated the three accounts had highly similar position structures, trading cadence, and funding sources, suggesting they may belong to the same trading entity using multiple addresses to split exposure. The three addresses reportedly each have historical win rates above 60% and are described as using a relatively steady trading style with controlled drawdowns. Since June, the three addresses have collectively realized about $1.8 million in profits. All three also received large capital injections in June, and two of the addresses became newly active within the past month, with closely aligned fund movements and trading behavior. The three addresses—0xf8a, 0xd5c, and 0xf2d—held MU long contracts with an average entry price of about $1,156 and a recent liquidation price of about $938. Combined, they held 9,027 MU contracts with a notional position size of about $10.3 million. As of publication, the positions showed an unrealized loss of about 15% amid a short-term pullback in MU.