Google Compression Algorithm Causes Major Drop in Storage Sector, "Silver Ironhead Airforce" Pre-market Ambush with a 3 Million Scale Short Position Already Realized Significant Profits

BlockBeats News, March 26th, according to Hyperinsight monitoring, Google (GOOGL.US)'s latest compression technology paper has raised concerns in the market about shrinking storage demand, putting pressure on storage concept stocks.

MU (Micron Technology) fell by 4%, SNDK (SanDisk) once fell by as much as 6.5% intraday; on the Hyperliquid platform, MU is currently trading at $374.7, with a 6% decrease in the past 24 hours; SNDK is now at $657.7, with a drop of over 6.8% in the past 24 hours.

Prior to the release of the Google-related paper, the on-chain whale "Silver Ironhead Air Force" (0x61c) had already ambushed around 20:00 yesterday (before the U.S. stock market opened), opening a short position totaling $3 million in MU and SNDK with 10x leverage. As the sector plummeted significantly today, the two short positions have collectively gained about $100,000 in profit, with a return rate of about 15%.