Woofun AI reports that the Hyperliquid entity 'Commodity Trader' (0x9e8), known for a prior $3.1M profit from oil shorts, has established a new 10x leveraged long position on MU with a notional value of $4 million. The average entry price sits at approximately $1,155, currently yielding a marginal unrealized gain.

Despite this individual move, aggregate whale activity on Hyperliquid remains heavily skewed toward shorting, with total open interest at roughly $166 million. This comprises $67.45 million in longs and $98.17 million in shorts. Average entry prices are $1,090.74 for longs and $995.66 for shorts. Liquidation thresholds stand at $738.42 for longs and $1,352.65 for shorts, indicating that short positions face potential liquidation pressure before long positions.