This address is being harvested back and forth in storage: when it falls, it takes a long position and loses 1.79 million units, but when it falls short, it is trapped by a rebound of 350000 units Address: 0xf517639a8872e756ac98d3c65507d2ebc25cc032 Twitter: @ NMTD8 Recently, the storage sector has been very hot, with the market trading on storage price increases, demand for AI servers, and domestic substitution. After SK Hynix, SanDisk, and Changxin successively launched Hyperliquid, funds also flooded in, and basically anyone could buy any storage This address was also clearly bullish at the time, holding multiple orders for SKHX, SNDK, and SKHY, as well as a CXMT short order as a hedge. Although not completely naked, the overall position is still betting on storage to continue to rise I didn't expect the market sentiment to change as soon as I bought it CXMT fell from around $8 to $5.964, while SKHX, SNDK, and SKHY also fell simultaneously. When prices rise, people still discuss storage price increases and AI demand. When prices fall, the trend immediately shifts to whether valuations are overvalued and whether demand can be fulfilled When CXMT fell to $5.964, his short order did make money, but the highest was only about 35000 U, which couldn't stop other long orders from continuing to bleed. On July 29th, when the sector fell the hardest, based on the position at that time and the 1-hour candlestick, his group of storage positions suffered a temporary loss of about 1.79 million US dollars At this point, he clearly couldn't bear it anymore. SKHX and SNDK's long positions have been gradually processed, and SKHY has directly turned from long to short. CXMT empty orders have also increased from approximately 61600 to 137600. The previous round of decline did indeed win him over. Since we are doing more losses, we need to change direction and bet that storage will continue to decline As soon as the position flipped over, the storage sector began to rebound. The market has resumed speculation on storage price increases, demand for AI servers, and domestic substitution. Kaixia, SanDisk, and SK Hynix have successively launched counterattacks, and CXMT has also risen back above $8 from $5.964. The logic that no one believed when the price fell before, when the price rose, everyone began to believe again Unfortunately, this address has already sided with the bears. He currently holds approximately 32700 SKHY short positions and 137600 CXMT short positions, with a total value of approximately 6.5 million U and a floating loss of approximately 260000 U. He also has a SKHX long position in his account as a hedge, but this long position is currently losing money. After calculating the three storage positions, the book loss is about 350000 US dollars The most dangerous one among them is CXMT. His average short selling price for CXMT is about $7.27, and the current price is around $8.55. Hyperliquid's estimated liquidation price is $10.19. Based on the current price, if CXMT rises by about 20%, this position by position short order will approach the strong flat line This guy is not a novice who has just entered the market. According to the Hyperliquid ranking data, his full-time accumulated PnL still exceeds 24 million U, indicating that he really made money before. However, this round of storage market did not hit the mark: holding multiple orders when the sector fell, they endured until they lost 1.79 million U before starting to sell out; When the number of short orders is almost the same, the market will rebound again Yesterday, although Changxin's long position was strong, it managed to hold on from $5.964 to above $8, ultimately resulting in a floating profit of 3.54 million U. This address is much more flexible in operation, knowing how to hedge and willing to stop loss and change direction, but in the end, neither side can avoid it. It seems that sometimes frequent operations are not a good thing Looking back now, he didn't just misjudge the storage. What really hurts is that every time the market sentiment changes, he happens to be one step late When going long, the market begins to doubt the storage logic; After being emptied, the market picked up the storage price increase and AI demand again It can only be said that this round of storage market is somewhat incompatible with him Source: AiCoin Smart Money Data on the Chain