Whale opens long position of about $31 million in MU perpetual contracts, now sitting on unrealized loss of about $3.12 million

A whale opened a roughly $31 million long position in Micron (MU) perpetual futures at an entry price of $775.25 just before prices fell, and the position is now underwater by about $3.12 million. The address holds 40,000 MU long units using 10x cross-margin leverage, with the price at $697.21 at the time of the snapshot. The size and leverage of the bet make it a notable test of dip-buying conviction in MU-linked derivatives. Traders will watch whether the whale adds margin or trims the position if MU extends its decline toward the liquidation threshold implied by the 10x leverage.