TSMC's on-chain trading volume saw some increase after its earnings report, and the largest long position on TSM remains in a state of unrealized loss.

November 10 — On-chain TSM trading volume surged 234% in the first hour, while open interest declined instead. TSMC reported October revenue of NT$586.89 billion, up 59.7% year-over-year and 14.7% month-over-month; cumulative revenue for the first 10 months of the year reached approximately NT$4.49 trillion, up 43.3% year-over-year.

According to TradingBeats monitoring, starting from the revenue announcement, in the first hour afterward, TSM perpetual contract trading volume on Hyperliquid was approximately $358,900, an increase of about 233.8% from $107,500 in the previous hour. The price rose about 0.69% over the same period. Despite the surge in trading volume, open interest did not expand in tandem.

Among large positions, TSM's largest long whale 0xfd6a remains underwater, holding approximately $1.219 million in long positions at an average price of $434.97, currently sitting on an unrealized loss of about $132,000. TSM would need to rise about 10.8% from the current price for the position to return to its entry cost.