BlockBeats News, March 26 — According to Hyperinsight monitoring, Google’s (GOOGL.US) latest compression technology paper has sparked market concerns over shrinking storage demand, putting storage concept stocks under pressure across the board.
MU (Micron Technology) fell 4%, SNDK (SanDisk) dropped as much as 6.5% during the day; on the Hyperliquid platform, MU is currently trading at $374.7, down 6% in 24 hours; SNDK is trading at $657.7, down over 6.8% in 24 hours.
Ahead of the release of Google’s related paper, a whale on the chain, “Silver Iron Head Air Force” (0x61c), had already positioned itself yesterday around 8 p.m. (before the US stock market opened), opening short positions on MU and SNDK with a total of about $3 million using 10x leverage. As the sector experienced a sharp decline today, these two short positions have already realized approximately $100,000 in profit, with a return rate of about 15%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BDX (Blindex) down 1.76% in 24 hours
Gate News update, April 22, according to Gate market data, as of the time of writing, BDX (Blindex) is trading at $0.22. It is down 1.76% over the past 24 hours, with a high of $0.27 and a low of $0.20. The 24-hour trading volume is $3,360.57. The current market cap is approximately $1.71B.
Beldex is a leading privacy dApp ecosystem, made up of decentralized privacy applications, including BChat, BelNet, the Beldex browser, the Beldex protocol, and the Beldex Bridge. The Beldex project is dedicated to enhancing your online privacy.
This message is not investment advice. Investing involves market volatility risk.
GateNews48m ago
Bitcoin Breaks Through $78,000, Ethereum Hits $2,390: Market Panic Eases
Bitcoin breaks through $78,000, while Ethereum climbs above $2,390. This article reviews the V-shaped reversal trend from April 13 to 22, analyzing the evolution of liquidation data and the Fear and Greed Index.
GateInstantTrends1h ago
Meme Coin Market Cap Surges 15.58% in 30 Days, Trading Volume Jumps 56.14%
Meme coins outpaced BTC over the last 30 days: market cap up 15.58% to about $35.6B and trading volume up 56.14% to roughly $3.79B, per Ai Yii; BTC rose 14.06%.
Abstract: The meme-coin segment showed stronger recent gains than Bitcoin. Meme coins' market capitalization increased by 15.58% to about $35.6 billion, with trading volume up 56.14% to roughly $3.79 billion, according to on-chain analyst Ai Yii, while Bitcoin's market cap rose 14.06%.
GateNews1h ago
SHIB Struggles to Recover as Fresh Developments Fail to Lift Price Action
SHIB trading activity rises, but price stays trapped in a tight consolidation range.
Whale accumulation increases while some long-term holders, including Aoki, exit positions.
Strong derivatives volume and inflows fail
CryptoNewsLand3h ago
TradFi Rise Alert: XUNCE (XUNCE 03317.HK) Rises Over 8%
Gate News: According to the latest Gate TradFi data, XUNCE (XUNCE 03317.HK) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews3h ago
Ethereum Breaks $2,400, Up 3.58% in 24 Hours
Gate News message, April 22 — Ethereum surged past the $2,400 mark today, trading at $2,400.85 with a 24-hour gain of 3.58% according to major CEX data.
GateNews3h ago
