An on-chain entity identified as 0x30af closed a long position on 1,355.6 Bitcoin, valued at $110.85 million, realizing a $3.26 million loss.
Immediately after, 0x30af opened highly leveraged long positions across traditional equities and semiconductors. The largest position—96,522 shares of Tesla (TSLA)—carries a market value of $34.65 million with a liquidation price of $350.74. TSLA is currently trading at $354.72, leaving roughly $4 of cushion to liquidation.
The trader also established a 158,557-share position in DRAM worth $7.59 million, with a liquidation price of $45.28, and a 38,529-share position in SOXL valued at $3.85 million.
The reallocation moves over $110 million from a concentrated crypto exposure into leveraged bets on semiconductor equities, a shift executed immediately after realizing the Bitcoin loss.
