This week, the first batch of million-dollar new long positions for MU and SNDK appeared today.
BlockBeats News, September 3rd. According to TradingBeats monitoring, the storage sector had not seen any new opening of million-dollar directional positions that have been held since earlier this week. However, as the U.S. initial jobless claims tonight and tomorrow night's non-farm data window approach, MU and SNDK have seen significant fund movements today.
Today has seen 3 million-dollar level early address increases, as well as 2 million-dollar level new positions. The increases include two bets on SNDK longs (0xcd98) (0x519c) and one bet on MU shorts (0x7fda). The amounts range from $1 million to $1.3 million.
The two million-dollar level new positions are as follows:
An address starting with 0x469e initiated an 8-hour MU buy-side TWAP today at 10:00, with approximately 4903 trades executed so far, about 83.7% completed, at an average price of $954.12. The current value of the MU long position is around $4.659 million, with a floating loss of about $19,300.
Another address starting with 0xc3b opened a new $1.33 million SNDK long position with 2x leverage, at an average entry price of around $1547, currently experiencing a floating loss of about $9,000.
On the order book side, significant plans have also been laid out in advance.
Currently, the largest directional order in the entire storage market comes from SNDK. An address starting with 0x0ad9 holds around $10.7 million in SNDK long positions and placed 2962.7 sell orders at $1608 above earlier today at 00:36, with a nominal value of about $4.764 million, covering approximately 42.7% of the current position, and the order price is about 4.3% higher than the current price.
On the MU side, there is still funding waiting to go long. An address starting with 0xf517 previously placed 48 buy orders between $822 and $887.52, totaling around $1.152 million. Another address starting with 0x12f7 also placed buy orders of approximately $947,000 at $890 on Wednesday, about 6.5% away from the current price.
