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%.
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