A whale sustained a loss of $740,000 after closing a multimillion-dollar long position ahead of Google's earnings release

According to monitoring by Hyperinsight, the GOOGL long whale (0xC8b), disclosed last night, accumulated 38,800 GOOGL long positions between 10:00 PM yesterday and 4:00 AM today, with a total size of approximately $13.5578 million and an average price of $349.28. This represented an increase of about $2.8978 million from the previously disclosed position.

After the earnings report was released, the whale began reducing its position at 5:43 AM this morning and completely closed all long positions 2 hours ago, with a closing price of $330.29, recording a loss of $737,000.

This same whale had previously realized a profit of approximately $1.7178 million on MU long positions in the last round. Currently, its sole holding has shifted back to MU, with a 3x leverage long position of 24,600 contracts, valued at approximately $23.9561 million, an average entry price of $977.60, an unrealized loss of about $97,900, and a liquidation price of $354.91.