Among the top three storage giants, Micron stands out significantly, while SK Hynix has given back most of its gains from this round.

BlockBeats news, October 16, according to TradingBeats monitoring, the contracts of Micron, Hynix, and SanDisk on Hyperliquid have all significantly retreated from their stage highs since the rebound at the end of July, but in terms of the strength during the previous rebound: Micron is currently the most resistant to decline, while Hynix has the largest drawdown.

Micron MU fell from a high of $1,114.90 on October 2 to $923.62, with a cumulative drawdown of about 17.16%, the smallest among the three.

SanDisk SNDK fell from a high of $1,908 on September 22 to $1,378.40, with a cumulative drawdown of about 27.76%, about 10.60 percentage points more than Micron.

SK Hynix SKHX fell from a high of $1,438.40 on September 10 to $958.73, with a cumulative drawdown of about 33.35%, the largest among the three, underperforming Micron by about 16.19 percentage points.

In the previous rebound phase, the leader was SanDisk, which is now in the middle in terms of drawdown, while Micron had the smallest gain instead. Based on the stage low of the storage sector on July 31, using their respective intraday lows as the benchmark, SanDisk had a maximum rebound of about 60.27% to its stage high, Hynix about 38.73%, and Micron about 36.14%.