Storage targets fell 8 and rose 1, with whales placing new orders worth $37 million.

BlockBeats news, September 15 — according to TradingBeats monitoring, among the 9 major storage sector contracts on Trade.xyz, 8 declined over the past 24 hours, with only Kioxia posting a slight gain. But amid the broad price drop, some positions migrated: Micron (MU) absorbed most of the new OI, while major storage contracts such as SKHX and SanDisk continued to reduce positions.

Compared with yesterday, Micron's open interest increased by about 28.02% (about $43.07 million), accounting for about 89.7% of the positive increase across the 5 contracts that added positions during the same period. Its notional OI has risen to about $198 million, with its share of the total OI across the 9 storage contracts rising from 14.50% to 18.32%.

Two longs added a combined about $19.701 million in positions during the same period, while two shorts added a combined about $13.176 million in short positions. Both longs and shorts increased exposure simultaneously, and trading divergence rapidly concentrated into MU.

Pending next-round TOP 1 order funding plans that have not yet been executed show that three key addresses currently maintain a total of about $37.375 million in buy orders below SKHX, SNDK, and MU:

Storage smart money 0xc8b5 stopped out all SKHX long positions last night, with about $23.998 million executed. But early this morning, the address again placed 100 buy orders between $1,130 and $1,160, planning to buy 25,000 SKHX, amounting to about $28.625 million, with the bid still about 7.3% below the current price.

SanDisk: 0x0ad9 maintains about $5 million in buy orders at $1,475, about 5.5% below the current price; it currently holds 3,174.9 SNDK long positions, while also placing a take-profit order at $1,811 covering the existing position.

Micron: 0x469e has spread about $3.75 million in buy orders across $600 to $900.