Gate News, March 18 — U.S. stock futures for storage concept stocks continued yesterday’s rally, with SanDisk (SNDK) up 3.6% and Micron Technology (MU) up 2.7%. As a result, Hyperliquid’s SNDK contract is temporarily priced at $748.6, and MU contract at $474.9. The ongoing strength in the sector has put significant pressure on on-chain shorts. The largest on-chain short addresses for these two assets belong to crypto KOL CBB (0xefd), with a total position of approximately $12.9 million. Both short positions are currently at a loss, totaling around $1.4 million. The specific holdings are as follows: a 3x SNDK short position with a size of $7.8 million, an average price of $679.4, and an unrealized loss of $712,000 (-26.5%); a 3x MU short position with a size of $5.11 million, an average price of $410.7, and an unrealized loss of $690,000 (-38.7%).
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