STOCKS | Smart Money Trader Opens Short Basket on MU, SKHX, SNDK, INTC, and BTC

A wallet described as “smart money” opened a basket of short positions in Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and Bitcoin (BTC), with total positions exceeding $34.9 million. According to Foresight News, monitoring data from @ai_9684xtpa showed the address had previously made $4.15 million by going long SKHX, MU, and INTC, and this marks its first time taking a bearish stance. The short positions were opened at around 5:30 PM. The report said U.S. stocks fell sharply at the open, and within about four hours the address had an unrealized profit of $1.742 million.