Whale Wallet Liquidates $63.7M in AI Hardware Longs Amid Sector-Wide Pullback
AI Market Summary
A tracked "smart money" wallet fully liquidated ~$63.7M in long exposure to AI hardware names (NVIDIA, SanDisk, SK Hynix) amid a sector drawdown, crystallizing only modest gains after a large unrealized profit retraced. The exit aligns with pressure from higher oil prices and rising U.S. yields, which elevate discount rates and financing costs for AI infrastructure, weighing on near-term semiconductor and tech risk appetite.
Impact level
● Medium
Affected assets
NCSKNVDA2USD/USDT-0.40%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▼ Bearish
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According to reports from ME News and BlockBeats on Oct. 9 (UTC+8), the high-activity 'smart-money' wallet address '0xc8b5' liquidated approximately $63.71 million in long positions across NVIDIA, SanDisk, and SK Hynix. This strategic exit occurred as AI hardware-related contracts experienced a broad decline, with NVIDIA, SanDisk, and SK Hynix falling between 1.86% and 3.84% over a 24-hour period. The liquidation, which included $31.81 million in NVIDIA longs, resulted in a net profit of roughly $123,300—a significant 94% reduction from previous unrealized gains of $2.065 million. Market sentiment remains pressured by rising U.S. Treasury yields and oil prices, alongside mounting concerns regarding AI infrastructure financing costs. As of the report, the wallet holds no open positions and has not initiated any fund withdrawals.
