Micron Falls 10% Leading the Semiconductor Sector Lower, Top Long in the Sector "Continue Capital" Faces Liquidation with a $13 Million Long Position

BlockBeats News, March 31st, according to Hyperinsight monitoring, Google's paper-induced panic continues to ferment, overlayed with multiple geopolitical conflicts, putting pressure on the semiconductor sector as a whole. MU (Micron Technology) closed sharply down 9.9%, further declining by over 2.3% after hours; SNDK (SanDisk) closed and post-market trading together dropped by over 9%; NVDA (NVIDIA) also fell back 2.4% intraday, with the entire sector experiencing setbacks.

Against this backdrop, heavily positioned in the semiconductor sector, NVDA, MU, the largest long whale "Continue Capital affiliated address" faced the liquidation line with two long positions at one point, with a low point only 1.6% away from liquidation, currently the closest address to liquidation among whales holding over a million dollars. The total floating loss has expanded to $2.32 million, still holding a total of $13.1 million in long positions, yet to be closed:

5x leveraged NVDA long position: $7.58 million, average price $190, floating loss $1.13 million (-246%), liquidation price $159.9;

7x leveraged MU long position: $5.52 million, average price $390, floating loss $1.19 million (-270%), liquidation price $310.