US Premarket Storage Sector Continues to Rise, "Crypto KOL CBB" short positions on MU and SNDK expand losses to 1.4 million USD

MarsBitNews · 2026-03-18T09:06:44+00:00

According to Mars Finance news, on March 18th, storage concept stocks continued to rise, with SanDisk and Micron Technology up 3.6% and 2.7% respectively. On Hyperliquid, contract prices for both rose. On-chain short positions came under pressure, with the largest short holder carrying a loss position of approximately $12.9 million.

MarsBitNews

2026-03-18 09:06:44

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Mars Finance News, March 18 — According to Hyperinsight monitoring, storage concept stocks continued their rally before the market open yesterday, with SanDisk (SNDK) up 3.6% and Micron Technology (MU) up 2.7%. As a result, Hyperliquid’s SNDK contract is temporarily quoted at $748.6, and MU contract at $474.9. The sector’s continued strength has put significant pressure on on-chain shorts. The largest on-chain short address for these two stocks is “Crypto KOL CBB” (0xefd), with a total position of approximately $12.9 million. Both short positions are currently at floating losses, totaling about $1.4 million. The specific holdings are as follows:

3x SNDK short: position size of $7.8 million, average price $679.4, floating loss $71.2 (-26.5%)
3x MU short: position size of $5.11 million, average price $410.7, floating loss $69 (-38.7%)

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