Monitored by Woofun AI, trading activity for the MU contract on Hyperliquid has intensified as Micron's earnings report approaches. The platform recorded approximately $459 million in 24-hour trading volume, with open interest climbing to $195 million. The contract price initially dipped near $1030 early this morning before recovering to trade at $1091.

Two on-chain entities established short positions totaling $8.3 million between last night and this morning. These positions, entered at an average price of roughly $1071, currently reflect slight unrealized losses, with liquidation thresholds set at $1470. The two addresses collectively hold $55.5 million in various US stock short positions, with one identified as belonging to trader CBB.