AMD fell 17% intraday; a whale who had a $2.1 million long in the AMD chip closed out its position and then went long on Intel.

According to Mars Finance, on February 5th, Coinbob's hot address monitoring showed that, affected by the 17.3% drop in AMD's semiconductor sector closing price this morning, the address "Dear Large Trader" (0x894...) completely closed its long position in xyz:AMD (AMD-mapped contract). Previously, this position held 10,000 shares, worth approximately $2.1 million, resulting in a loss of about $130,000. Subsequently, it opened a long position in the same sector today in xyz:INTC (Intel-mapped contract), currently holding 48,780 shares, worth approximately $2.38 million, with an average price of $48.33, resulting in a small unrealized profit of approximately $24,000. This trader focuses on trading US stocks and on-chain precious metals, and was previously the largest long position holder in on-chain gold, and also held a $40 million position in the Nasdaq and copper prices.