Dell Rebound Prompts Largest On-Chain Long to Cut Position

Super Micro Computer’s raised preliminary quarterly revenue and gross-margin expectations helped Dell shares rise about 6% in after-hours trading, according to a BlockBeats flash.

Large long cuts exposure

TradingBeats monitoring showed Dell’s largest on-chain long reduced about $960,000, nearly half its original position. The trimmed portion realized a loss of about $6,300, close to breakeven.

Remaining position

The trader still held 2,200 Dell long units worth about $1.08 million at an average price near $482, using 4x isolated leverage. The remaining position had about $17,000 in unrealized profit. These figures come from third-party monitoring and do not establish a broader market signal.

Read the original BlockBeats flash.