BlockBeats News, March 18th, according to Hyperinsight monitoring, pre-market trading of storage concept stocks continued the uptrend from yesterday, with SanDisk (SNDK) up 3.6% and Micron Technology (MU) up 2.7%. As a result, the SNDK contract on Hyperliquid is currently at $748.6, and the MU contract is at $474.9.
The sector continues to strengthen, putting significant pressure on on-chain shorts. The largest short positions for these two targets are held by the “Crypto KOL CBB” (0xefd) address, with a total position size of approximately $12.9 million. Both short positions are currently underwater, with a combined unrealized loss of around $1.4 million. The specific positions are as follows:
3x SNDK short: Position size of $7.8 million, average price $679.4, unrealized loss of $71.2 (-26.5%);
3x MU short: Position size of $5.1 million, average price $410.7, unrealized loss of $69 (-38.7%).
