TechFlow news: On June 26, according to Hyperinsight monitoring, Micron (MU) experienced a sharp correction following its record-breaking earnings report. The decline coincided with heightened risk-off sentiment triggered by unexpectedly high PCE inflation data. MU fell approximately 9.6% from last night’s intraday high of around $1,255, briefly spiking downward before continuing its decline during the overnight session. Hyperliquid currently quotes MU at $1,128—a 6.9% drop over the past 24 hours.
On-chain whales remain heavily bearish: total notional short positions amount to roughly $95.24 million—1.76 times larger than long positions ($54.24 million). In terms of average entry prices, longs entered at approximately $958.74, while shorts entered at around $972.94. With the current price still above both averages, long positions are floating in profit, whereas shorts are deeply underwater.
As the price declined, liquidation pressure on long positions surged sharply. The nearest major long liquidation level has now approached $1,114.21—just ~2.9% below the current price. A prominent long whale (0x9e2c), holding a 10x-leveraged long position of 5,000 MU contracts (worth ~$5.6 million), entered at an average price of $1,215 and faces liquidation at $1,114—just under $15 away from the current price.
In contrast, the nearest major short liquidation level sits at $1,427.77—approximately 24.4% above the current price, offering relatively greater safety. The largest short position, opened at $774.99 with 10x leverage, holds ~$15.92 million in notional value and is currently floating at a loss of $5.17 million.
