A notable on-chain address, known as the 'On-Chain Investor' (0xfc66…), has recently captured market attention through a significant portfolio restructuring, completely exiting its crypto and precious metal positions.
According to data from On-Chain Monitoring Platform, the investor has fully liquidated previous positions including $40 million in ETH/SOL rate shorting contracts and $30 million in gold long-term holdings.
Shifting Focus to US Memory Sector Shorting
Following the restructuring, the address has established substantial short positions in US memory-related equities, with total exposure reaching $17.6 million. Key components include:
- 3x MU (Micron): $10.3M position at average price $390, currently showing $0.86M unrealized loss
- 3x SNDK (SanDisk): $7.3M position at average price $603, currently showing $0.43M unrealized loss
- 3x NVDA (NVIDIA): $6.97M position at average price $186, currently showing $0.18M unrealized loss
- 3x GOOGL (Google): $4.91M position at average price $320, currently showing $0.12M unrealized gain
Evolution of On-Chain Investment Strategy
Notably, since January 8th this year, the address has gradually reduced leveraged short positions on ETH, BTC, and SOL while consistently increasing exposure to on-chain equities. Data reveals cumulative增持 of nearly $80 million in US equity-related positions within one month, with recent partial reallocation back to crypto assets.